Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a buy rating to a hold rating in a report released on Monday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.2 %

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $20.44 on Monday. Perusahaan Perseroan has a 12-month low of $16.62 and a 12-month high of $26.85. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $19.04 and a two-hundred day moving average price of $19.83. The stock has a market capitalization of $18.41 billion, a P/E ratio of 12.70, a PEG ratio of 1.54 and a beta of 0.77.

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

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock valued at $85,411,000 after purchasing an additional 492,128 shares during the period. Northcape Capital Pty Ltd lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 75.1% during the first quarter. Northcape Capital Pty Ltd now owns 572,516 shares of the utilities provider’s stock worth $12,744,000 after buying an additional 245,573 shares during the last quarter. Millennium Management LLC boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the second quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock valued at $5,921,000 after acquiring an additional 230,613 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the second quarter worth $2,301,000. Finally, Cubist Systematic Strategies LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter worth $2,163,000.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.