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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK stock opened at $19.66 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $23.81 and a 200-day moving average of $24.28. Perusahaan Perseroan has a fifty-two week low of $19.47 and a fifty-two week high of $29.44.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. The business had revenue of $2.43 billion for the quarter. On average, equities analysts anticipate that Perusahaan Perseroan will post 1.68 EPS for the current fiscal year.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several institutional investors and hedge funds have recently bought and sold shares of TLK. BNP Paribas Arbitrage SA raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 428 shares in the last quarter. Credit Suisse AG raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.4% in the third quarter. Credit Suisse AG now owns 870 shares of the utilities provider’s stock valued at $25,000 after buying an additional 477 shares during the period. Mather Group LLC. acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth approximately $40,000. EverSource Wealth Advisors LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock worth $56,000 after buying an additional 1,124 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 118.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,618 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 1,418 shares in 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.