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

StockNews.com downgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKFree Report) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK stock opened at $25.50 on Thursday. Perusahaan Perseroan has a 1 year low of $21.67 and a 1 year high of $29.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 0.72. The stock’s 50 day moving average price is $25.48 and its 200 day moving average price is $24.46. The firm has a market cap of $22.97 billion, a P/E ratio of 17.11, a PEG ratio of 1.16 and a beta of 0.74.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of institutional investors and hedge funds have recently bought and sold shares of TLK. Allspring Global Investments Holdings LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,145,542 shares of the utilities provider’s stock valued at $110,562,000 after acquiring an additional 167,209 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,920,814 shares of the utilities provider’s stock valued at $104,568,000 after acquiring an additional 41,000 shares during the last quarter. Wellington Management Group LLP acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at $42,586,000. BlackRock Inc. raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% in the 3rd quarter. BlackRock Inc. now owns 1,239,145 shares of the utilities provider’s stock valued at $35,749,000 after acquiring an additional 17,079 shares during the last quarter. Finally, Martin Currie Ltd. raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.5% in the 3rd quarter. Martin Currie Ltd. now owns 864,673 shares of the utilities provider’s stock valued at $20,839,000 after acquiring an additional 37,268 shares during the last quarter.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

(Get Free Report)

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.

Read More

Receive News & Ratings for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and related companies with MarketBeat.com's FREE daily email newsletter.