PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Stock Bumped Down to “Hold” by Wall Street Zen

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on TLK. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 8th. Weiss Ratings downgraded 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 research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of “Reduce”.

Get Our Latest Stock Report on TLK

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of NYSE TLK opened at $11.03 on Friday. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.84 and a beta of 0.40. 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 business’s 50-day simple moving average is $14.04 and its 200-day simple moving average is $15.32. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $10.60 and a 52 week high of $23.51.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

A number of hedge funds and other institutional investors have recently modified their holdings of TLK. Lazard Asset Management LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 23.4% during the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock worth $469,426,000 after acquiring an additional 4,770,126 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at about $4,784,000. Barometer Capital Management Inc. bought a new stake in PT Telekomunikasi Indonesia, Tbk in the first quarter valued at approximately $6,385,000. Sei Investments Co. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,021.8% in the first quarter. Sei Investments Co. now owns 289,999 shares of the utilities provider’s stock worth $5,417,000 after acquiring an additional 264,148 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 288.1% in the 2nd quarter. Engineers Gate Manager LP now owns 118,281 shares of the utilities provider’s stock valued at $1,589,000 after purchasing an additional 87,803 shares during the period.

PT Telekomunikasi Indonesia, Tbk Company Profile

(Get Free Report)

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.

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