Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sets New 12-Month Low – Here’s What Happened

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) reached a new 52-week low on Tuesday . The stock traded as low as $16.28 and last traded at $16.29, with a volume of 74709 shares traded. The stock had previously closed at $16.86.

Analysts Set New Price Targets

Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 4.1 %

The company has a market capitalization of $14.56 billion, a PE ratio of 11.71, a P/E/G ratio of 1.63 and a beta of 0.79. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $18.81.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 660 shares in the last quarter. Saturna Capital Corp increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.9% in the 3rd quarter. Saturna Capital Corp now owns 83,782 shares of the utilities provider’s stock valued at $1,657,000 after purchasing an additional 782 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the first quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,011 shares during the period. Ballentine Partners LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% during the second quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock worth $243,000 after buying an additional 1,560 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.1% during the second quarter. Bank of Montreal Can now owns 120,089 shares of the utilities provider’s stock worth $2,250,000 after buying an additional 2,494 shares in the last quarter.

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.