Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Upgraded to “Buy” by StockNews.com

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $20.87 on Tuesday. Perusahaan Perseroan has a twelve month low of $16.62 and a twelve month high of $26.85. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $19.67. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 1.56 and a beta of 0.77.

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

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

A number of large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter worth $616,000. Maven Securities LTD grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 152.7% in the second quarter. Maven Securities LTD now owns 26,785 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 16,185 shares during the last quarter. Creative Planning raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.9% during the second quarter. Creative Planning now owns 59,363 shares of the utilities provider’s stock worth $1,110,000 after acquiring an additional 30,812 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the second quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock worth $5,921,000 after acquiring an additional 230,613 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter valued at approximately $2,163,000.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.