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

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.38 and last traded at $15.3950, with a volume of 340695 shares trading hands. The stock had previously closed at $16.02.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TLK. Zacks Research downgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Trading Down 3.3%

The stock has a fifty day moving average of $17.49 and a 200-day moving average of $19.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.92. The company has a market cap of $15.34 billion, a PE ratio of 15.63, a PEG ratio of 2.85 and a beta of 0.34.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The business had revenue of $2.19 billion during the quarter. Sell-side analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% in the 1st quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock worth $10,573,000 after acquiring an additional 59,123 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 33.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,167 shares in the last quarter. Royal Bank of Canada increased its position in PT Telekomunikasi Indonesia, Tbk by 7.4% during the 1st quarter. Royal Bank of Canada now owns 381,276 shares of the utilities provider’s stock valued at $7,122,000 after buying an additional 26,252 shares in the last quarter. Quantinno Capital Management LP increased its position in PT Telekomunikasi Indonesia, Tbk by 35.1% during the 1st quarter. Quantinno Capital Management LP now owns 88,464 shares of the utilities provider’s stock valued at $1,653,000 after buying an additional 22,978 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 23.4% during the 1st quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after buying an additional 4,770,126 shares in the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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.