PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Sets New 52-Week Low – What’s Next?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price reached a new 52-week low on Friday . The stock traded as low as $15.38 and last traded at $15.3950, with a volume of 340695 shares. The stock had previously closed at $16.02.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings raised shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 2.9%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.92. The stock has a market cap of $15.40 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.83 and a beta of 0.34. The stock’s fifty day simple moving average is $17.42 and its 200-day simple moving average is $19.66.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The company had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. As a group, research analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Several institutional investors and hedge funds have recently added to or reduced their stakes in TLK. Lazard Asset Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 34.6% in the 3rd quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock valued at $377,750,000 after acquiring an additional 5,154,799 shares during the period. Northcape Capital Pty Ltd increased its position in PT Telekomunikasi Indonesia, Tbk by 111.4% in the 4th quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock valued at $27,222,000 after acquiring an additional 662,110 shares during the period. Millennium Management LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the period. Barometer Capital Management Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the first quarter worth $6,385,000. Finally, First Trust Advisors LP increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,041.8% during the third quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock worth $6,507,000 after buying an additional 315,488 shares during the period.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.