PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Hits New 52-Week Low – What’s Next?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.38 and last traded at $15.3950, with a volume of 340695 shares trading hands. The stock had previously closed at $16.02.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TLK shares. Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Zacks Research lowered PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 3.3%

The business has a fifty day moving average price of $17.49 and a two-hundred day moving average price of $19.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.82. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.85 and a beta of 0.34.

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

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

A number of hedge funds have recently modified their holdings of the stock. Mariner LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 0.5% in the third 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. Savant Capital LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 4.1% in the third quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 607 shares during the last quarter. Assetmark Inc. increased its holdings 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 valued at $69,000 after purchasing an additional 737 shares during the last quarter. TD Private Client Wealth LLC increased its holdings 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 valued at $113,000 after purchasing an additional 847 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 28.5% in 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 during 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.