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PT Telekomunikasi Indonesia, Tbk (NYSE:TLK – Get Free Report) will likely be announcing its results before the market opens on Thursday, July 30th. Analysts expect the company to announce earnings of $0.2961 per share and revenue of $2.0963 billion for the quarter.
PT Telekomunikasi Indonesia, Tbk (NYSE:TLK – Get Free Report) last issued its quarterly earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The company had revenue of $2.19 billion for the quarter. On average, analysts expect PT Telekomunikasi Indonesia, Tbk to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
PT Telekomunikasi Indonesia, Tbk Stock Up 0.1%
TLK opened at $14.44 on Tuesday. 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 $14.30 billion, a PE ratio of 14.58, a P/E/G ratio of 3.03 and a beta of 0.37. The stock’s fifty day moving average is $15.06 and its 200-day moving average is $17.90. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.23 and a one year high of $23.51.
PT Telekomunikasi Indonesia, Tbk Cuts Dividend
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in TLK. Lazard Asset Management LLC lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% in the 3rd quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock valued at $377,750,000 after acquiring an additional 5,154,799 shares in the last quarter. Millennium Management LLC raised its stake in PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after purchasing an additional 402,344 shares during the period. First Trust Advisors LP lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,041.8% in the third quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock valued at $6,507,000 after purchasing an additional 315,488 shares in the last quarter. UBS Group AG lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the third quarter. UBS Group AG now owns 323,974 shares of the utilities provider’s stock valued at $6,097,000 after purchasing an additional 134,316 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 31.0% in the third quarter. Bank of America Corp DE now owns 540,719 shares of the utilities provider’s stock valued at $10,176,000 after purchasing an additional 127,876 shares in the last quarter.
Analyst Upgrades and Downgrades
TLK has been the subject of several recent research reports. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.
Get Our Latest Research Report on TLK
About PT Telekomunikasi Indonesia, Tbk
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.
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