PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Raised to “Hold” at Zacks Research

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings raised shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

NYSE:TLK opened at $14.13 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.23 and a fifty-two week high of $23.51. The stock has a market cap of $13.99 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37. The firm’s fifty day simple moving average is $15.50 and its 200-day simple moving average is $18.32.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The firm had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. Analysts expect that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Several hedge funds have recently added to or reduced their stakes in TLK. Brown Brothers Harriman & Co. raised its position in PT Telekomunikasi Indonesia, Tbk by 828.9% during the third quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,177 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the second quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 921 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $40,000.

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.