Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – What’s Next?

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) gapped up prior to trading on Tuesday . The stock had previously closed at $15.52, but opened at $16.30. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $16.42, with a volume of 124,171 shares trading hands.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.77. The stock’s 50 day moving average price is $16.23 and its two-hundred day moving average price is $17.70. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after buying an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 662 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter worth approximately $53,000. TD Private Client Wealth LLC grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,165 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% during the 4th quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 3,110 shares during the period.

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.