PT Telekomunikasi Indonesia, Tbk’s (TLK) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d+) rating on shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in a research report sent to investors on Friday morning,Weiss Ratings reports.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.1%

Shares of NYSE:TLK opened at $20.11 on Friday. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 3.86 and a beta of 0.61. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $20.98. The firm’s 50-day simple moving average is $19.16 and its 200-day simple moving average is $17.57. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

A number of institutional investors have recently added to or reduced their stakes in the stock. First Horizon Corp acquired a new position in PT Telekomunikasi Indonesia, Tbk during the third quarter worth about $26,000. Kathmere Capital Management LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 10.8% in the third quarter. Kathmere Capital Management LLC now owns 80,498 shares of the utilities provider’s stock valued at $1,515,000 after buying an additional 7,869 shares during the last quarter. Northcape Capital Pty Ltd raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 33.2% in the third quarter. Northcape Capital Pty Ltd now owns 594,101 shares of the utilities provider’s stock valued at $11,181,000 after buying an additional 147,928 shares during the last quarter. Ascent Group LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 10.4% in the third quarter. Ascent Group LLC now owns 21,240 shares of the utilities provider’s stock valued at $400,000 after buying an additional 1,997 shares during the last quarter. Finally, Ethic Inc. raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 14.7% in the third quarter. Ethic Inc. now owns 43,762 shares of the utilities provider’s stock valued at $824,000 after buying an additional 5,619 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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.