PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Hits New 52-Week High – What’s Next?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $23.52 and last traded at $23.4220, with a volume of 415347 shares changing hands. The stock had previously closed at $22.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Up 2.9%

The business’s 50-day moving average is $21.57 and its two-hundred day moving average is $19.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77. The stock has a market capitalization of $22.55 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 3.10 and a beta of 0.39.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its earnings results on Monday, December 1st. The utilities provider reported ($0.01) EPS for the quarter. The firm had revenue of ($4,514.03) million during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%. As a group, equities research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Several institutional investors and hedge funds have recently added to or reduced their stakes in TLK. Royal Bank of Canada raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 20.7% during the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after buying an additional 62,882 shares in the last quarter. Millennium Management LLC grew its holdings in PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after acquiring an additional 402,344 shares during the period. Goldman Sachs Group Inc. raised its position in PT Telekomunikasi Indonesia, Tbk by 271.8% in the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after acquiring an additional 106,481 shares in the last quarter. GAMMA Investing LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 146.2% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 1,577 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at $186,000.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.