PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Sets New 1-Year High – Still a Buy?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) reached a new 52-week high on Wednesday . The stock traded as high as $21.03 and last traded at $20.9150, with a volume of 95483 shares changing hands. The stock had previously closed at $20.54.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

The company has a 50-day moving average price of $19.18 and a two-hundred day moving average price of $17.85. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $20.70 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%.The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $38,172.05 billion. On average, equities analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 8.3% in the 2nd quarter. Lazard Asset Management LLC now owns 14,916,907 shares of the utilities provider’s stock valued at $252,690,000 after buying an additional 1,147,045 shares in the last quarter. Invesco Ltd. bought a new stake in PT Telekomunikasi Indonesia, Tbk in the 1st quarter valued at about $33,124,000. Envestnet Asset Management Inc. increased its holdings in PT Telekomunikasi Indonesia, Tbk by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 906,510 shares of the utilities provider’s stock worth $17,061,000 after purchasing an additional 25,429 shares in the last quarter. Northern Trust Corp increased its holdings in PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock worth $12,633,000 after purchasing an additional 440,426 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in PT Telekomunikasi Indonesia, Tbk by 26.5% during the 2nd quarter. American Century Companies Inc. now owns 812,837 shares of the utilities provider’s stock worth $13,769,000 after purchasing an additional 170,151 shares in the last quarter.

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.