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

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) hit a new 52-week high on Wednesday . The company traded as high as $21.03 and last traded at $20.9150, with a volume of 95483 shares traded. The stock had previously closed at $20.54.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Up 1.1%

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 company’s fifty day moving average is $19.22 and its 200-day moving average is $17.89. The company has a market cap of $20.51 billion, a PE ratio of 14.48, a PEG ratio of 3.84 and a beta of 0.61.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter worth about $25,000. First Horizon Corp bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 921 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the second quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock worth $41,000 after buying an additional 2,266 shares during the last quarter. Finally, Allworth Financial LP grew its position in PT Telekomunikasi Indonesia, Tbk by 1,032.4% during the second quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock valued at $41,000 after buying an additional 2,199 shares during the period.

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.