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

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

TLK has been the topic of several other research reports. Wall Street Zen upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

TLK stock opened at $12.84 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market cap of $12.72 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.85 and a beta of 0.40. The firm has a 50 day simple moving average of $14.30 and a 200 day simple moving average of $15.54. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $12.38 and a 52 week high of $23.51.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Institutional investors have recently made changes to their positions in the company. MidFirst Bank acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at approximately $54,000. Ballast Advisors LLC bought a new stake in PT Telekomunikasi Indonesia, Tbk in the first quarter worth approximately $48,000. Assetmark Inc. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 24.7% during the 1st 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. GAMMA Investing LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,140 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 910 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 33.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 1,167 shares in the last quarter.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line and mobile communications, broadband internet, network connectivity, information technology services, cloud solutions, and digital services to consumers, businesses, government institutions, and wholesale customers.

Telkom’s consumer operations include broadband services under the IndiHome brand and mobile communications through Telkomsel, its major telecommunications subsidiary.