Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $19.47 and last traded at $19.59, with a volume of 48852 shares. The stock had previously closed at $19.77.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research report on Friday, April 12th.
Get Our Latest Stock Analysis on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Free Report) last issued its earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. The company had revenue of $2.43 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. As a group, sell-side analysts forecast that Perusahaan Perseroan will post 1.68 earnings per share for the current fiscal year.
Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
Several hedge funds have recently added to or reduced their stakes in TLK. JPMorgan Chase & Co. raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 244.8% in the 1st quarter. JPMorgan Chase & Co. now owns 27,753 shares of the utilities provider’s stock valued at $886,000 after acquiring an additional 19,705 shares in the last quarter. Raymond James & Associates raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.5% in the 1st quarter. Raymond James & Associates now owns 48,152 shares of the utilities provider’s stock valued at $1,538,000 after acquiring an additional 1,609 shares in the last quarter. HighTower Advisors LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 9,738 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 354 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at approximately $364,000. Finally, Citigroup Inc. raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.8% in the 1st quarter. Citigroup Inc. now owns 99,105 shares of the utilities provider’s stock valued at $3,165,000 after acquiring an additional 7,152 shares in the last quarter.
Perusahaan Perseroan (Persero) 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.
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