PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Raised to “Hold” at Zacks Research

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Up 1.0%

TLK stock opened at $14.13 on Monday. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.23 and a fifty-two week high of $23.51. The business’s 50 day moving average price is $15.50 and its two-hundred day moving average price is $18.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%. As a group, analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 0.5% during the 3rd quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock valued at $1,893,000 after purchasing an additional 501 shares during the last quarter. Assetmark Inc. raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 24.7% in the first quarter. Assetmark Inc. now owns 3,716 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 737 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 18.8% in the fourth quarter. TD Private Client Wealth LLC now owns 5,360 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 847 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 28.2% during the second quarter. GAMMA Investing LLC now owns 4,140 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 910 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 28.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,136 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 917 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.