PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Announces Quarterly Earnings Results

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) issued its quarterly earnings results on Friday. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11), FiscalAI reports. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.13 billion. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.62% and a return on equity of 11.53%.

PT Telekomunikasi Indonesia, Tbk Stock Performance

TLK traded down $0.06 during trading on Friday, reaching $11.16. 2,017,427 shares of the company’s stock were exchanged, compared to its average volume of 997,385. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $10.15 and a 1 year high of $23.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.78. The stock has a market capitalization of $11.06 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.75 and a beta of 0.40. The company’s fifty day simple moving average is $13.48 and its 200-day simple moving average is $16.49.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Thursday. Finally, Wall Street Zen cut PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.

Telkom’s consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia’s major wireless operators.