PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.85 and traded as high as $20.82. PT Telekomunikasi Indonesia, Tbk shares last traded at $20.5250, with a volume of 1,113,182 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Up 1.7%

The company has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $17.85. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $20.33 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its earnings results on Thursday, October 30th. The utilities provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%.The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $38,172.05 billion. On average, sell-side analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider’s stock worth $85,000 after buying an additional 872 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after buying an additional 921 shares during the period. Signaturefd LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 12.9% during the second quarter. Signaturefd LLC now owns 8,219 shares of the utilities provider’s stock worth $139,000 after buying an additional 937 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% during the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,210 shares during the period. Finally, First Horizon Corp acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the third quarter worth about $26,000.

About 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.