Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Downgraded by 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 research report released on Monday morning.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 1.6 %

Shares of NYSE TLK opened at $20.51 on Monday. Perusahaan Perseroan has a fifty-two week low of $16.62 and a fifty-two week high of $26.85. The firm’s 50-day simple moving average is $19.09 and its 200 day simple moving average is $19.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data 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 for the quarter. On average, equities research analysts predict that Perusahaan Perseroan will post 1.69 EPS for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in 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 worth $70,000 after acquiring an additional 613 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% in the 1st quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock worth $625,000 after purchasing an additional 14,860 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 1,367 shares in the last quarter. US Bancorp DE increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% in the 4th quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock worth $3,445,000 after purchasing an additional 12,583 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% in the 4th 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 in the last quarter.

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.