PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Stock Rating Upgraded by Zacks Research

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Several other research analysts have also recently issued reports on TLK. Wall Street Zen upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Weiss Ratings lowered PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Down 0.3%

NYSE:TLK opened at $12.84 on Thursday. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.85 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $12.38 and a 1 year high of $23.51. The business has a fifty day moving average of $14.30 and a 200-day moving average of $15.54.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

A number of large investors have recently made changes to their positions in TLK. Legacy Wealth Asset Management LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 1.0% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 126,634 shares of the utilities provider’s stock worth $1,615,000 after purchasing an additional 1,274 shares in the last quarter. Farther Finance Advisors LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 38.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,595 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 3,505 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 3.2% in the second quarter. Sequoia Financial Advisors LLC now owns 25,034 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 776 shares in the last quarter. Engineers Gate Manager LP grew its position in PT Telekomunikasi Indonesia, Tbk by 288.1% during the second quarter. Engineers Gate Manager LP now owns 118,281 shares of the utilities provider’s stock valued at $1,589,000 after purchasing an additional 87,803 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 33.5% in the 2nd quarter. Squarepoint Ops LLC now owns 68,233 shares of the utilities provider’s stock worth $916,000 after buying an additional 17,114 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line and mobile communications, broadband internet, network connectivity, information technology services, cloud solutions, and digital services to consumers, businesses, government institutions, and wholesale customers.

Telkom’s consumer operations include broadband services under the IndiHome brand and mobile communications through Telkomsel, its major telecommunications subsidiary.