Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Downgraded to “Hold” at StockNews.com

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 0.2 %

NYSE:TLK traded up $0.05 during mid-day trading on Monday, reaching $20.44. 233,514 shares of the company’s stock traded hands, compared to its average volume of 383,843. The company has a 50 day moving average price of $19.04 and a 200-day moving average price of $19.83. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.65. Perusahaan Perseroan has a 12-month low of $16.62 and a 12-month high of $26.85.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. The firm had revenue of $2.35 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.39% and a net margin of 15.65%. On average, sell-side analysts predict that Perusahaan Perseroan will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after purchasing an additional 492,128 shares during the period. Northcape Capital Pty Ltd boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 75.1% in the 1st quarter. Northcape Capital Pty Ltd now owns 572,516 shares of the utilities provider’s stock worth $12,744,000 after purchasing an additional 245,573 shares in the last quarter. Millennium Management LLC grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock worth $5,921,000 after buying an additional 230,613 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter valued at approximately $2,301,000. Finally, Cubist Systematic Strategies LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter valued at approximately $2,163,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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.