Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Raised to “Buy” at StockNews.com

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of NYSE TLK opened at $20.87 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66. The stock has a 50 day moving average price of $19.16 and a 200 day moving average price of $19.67. The stock has a market capitalization of $18.80 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.56 and a beta of 0.77. Perusahaan Perseroan has a 52 week low of $16.62 and a 52 week high of $26.85.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. The business had revenue of $2.35 billion during the quarter. Analysts predict that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after buying an additional 660 shares during the last quarter. Mather Group LLC. acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 1,124 shares during the period. CWM LLC increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the first quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,011 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.