PT Telekomunikasi Indonesia, Tbk (NYSE:TLK – Get Free Report) is expected to issue its results before the market opens on Thursday, October 29th. Analysts expect PT Telekomunikasi Indonesia, Tbk to announce earnings of $0.3292 per share and revenue of $2.13 billion for the quarter.
PT Telekomunikasi Indonesia, Tbk Stock Down 4.1%
TLK stock opened at $11.74 on Wednesday. The business has a fifty day moving average price of $13.61 and a 200 day moving average price of $16.58. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $10.15 and a fifty-two week high of $23.51.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on TLK. Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 31st. Wall Street Zen downgraded PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.
Read Our Latest Analysis on TLK
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 voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.
Telkom’s consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia’s major wireless operators.
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