PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Sets New 1-Year Low – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s stock price reached a new 52-week low on Monday . The stock traded as low as $13.58 and last traded at $13.6150, with a volume of 828966 shares changing hands. The stock had previously closed at $14.08.

Wall Street Analyst Weigh In

Several brokerages have commented on TLK. Zacks Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Trading Down 2.9%

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The company has a market cap of $13.54 billion, a PE ratio of 13.80, a PEG ratio of 2.57 and a beta of 0.35. The stock has a 50 day moving average price of $16.33 and a 200 day moving average price of $18.94.

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

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 18th will be given a $1.2214 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a dividend yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is currently 94.95%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 23.4% during the 1st quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after acquiring an additional 4,770,126 shares during the period. Northcape Capital Pty Ltd boosted its stake in shares of 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 worth $27,222,000 after buying an additional 662,110 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 11.3% in the third quarter. American Century Companies Inc. now owns 904,285 shares of the utilities provider’s stock worth $17,019,000 after acquiring an additional 91,448 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock worth $12,932,000 after acquiring an additional 2,524 shares during the period. Finally, Bank of America Corp DE increased its position in PT Telekomunikasi Indonesia, Tbk by 11.7% during the first quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock valued at $10,573,000 after acquiring an additional 59,123 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.