Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sets New 52-Week Low at $19.47

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) reached a new 52-week low on Friday . The stock traded as low as $19.47 and last traded at $19.59, with a volume of 48852 shares trading hands. The stock had previously closed at $19.77.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research note on Friday, April 12th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.9 %

The firm has a 50-day moving average of $23.93 and a 200 day moving average of $24.31. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 0.94 and a beta of 0.72. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings results on Friday, March 22nd. The utilities provider reported $0.33 EPS for the quarter. The firm had revenue of $2.43 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. On average, sell-side analysts anticipate that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter worth approximately $42,586,000. Sei Investments Co. bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at approximately $8,042,000. Bank of America Corp DE increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 47.5% in the 1st quarter. Bank of America Corp DE now owns 780,254 shares of the utilities provider’s stock valued at $21,278,000 after acquiring an additional 251,090 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter valued at approximately $5,861,000. Finally, BlackRock Inc. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 34.7% in the 1st quarter. BlackRock Inc. now owns 933,303 shares of the utilities provider’s stock valued at $25,451,000 after acquiring an additional 240,626 shares during 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.