Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Strong Trading Volume

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) shares saw an uptick in trading volume on Monday . Approximately 337,136 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 360,734 shares.The stock last traded at $18.88 and had previously closed at $18.88.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66. The firm’s 50-day moving average is $18.41 and its 200 day moving average is $20.67.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.39% and a net margin of 15.65%. The company had revenue of $2.35 billion for the quarter. Research analysts anticipate that Perusahaan Perseroan will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Large investors have recently bought and sold shares of the stock. Natixis Advisors L.P. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 39.1% during the fourth quarter. Natixis Advisors L.P. now owns 358,525 shares of the utilities provider’s stock valued at $9,234,000 after buying an additional 100,757 shares during the period. CWM LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% during the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% in the first quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock valued at $625,000 after purchasing an additional 14,860 shares during the period. US Bancorp DE lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% in the fourth quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock worth $3,445,000 after buying an additional 12,583 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock worth $688,000 after buying an additional 1,367 shares during the last quarter.

Perusahaan Perseroan (Persero) 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.