Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a hold rating to a buy rating in a report published on Saturday morning.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK opened at $19.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.85. Perusahaan Perseroan has a 12 month low of $19.47 and a 12 month high of $29.44. The stock has a fifty day moving average price of $23.69 and a 200-day moving average price of $24.25.

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 during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.77% and a net margin of 16.12%. As a group, equities research analysts expect that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 42.1% in the third quarter. Envestnet Asset Management Inc. now owns 711,091 shares of the utilities provider’s stock worth $17,137,000 after buying an additional 210,571 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 71.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,085 shares of the utilities provider’s stock worth $9,329,000 after buying an additional 161,624 shares during the last quarter. Ramirez Asset Management Inc. purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter worth about $2,551,000. Natixis Advisors L.P. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 39.1% in the fourth quarter. Natixis Advisors L.P. now owns 358,525 shares of the utilities provider’s stock worth $9,234,000 after buying an additional 100,757 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 44.9% in the third quarter. Citigroup Inc. now owns 221,001 shares of the utilities provider’s stock worth $5,326,000 after buying an additional 68,438 shares during the last quarter.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.