Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Unusually-High Trading Volume

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) saw strong trading volume on Friday . 572,374 shares changed hands during trading, an increase of 154% from the previous session’s volume of 225,742 shares.The stock last traded at $26.97 and had previously closed at $27.69.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a report on Thursday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 2.4 %

The stock has a market cap of $24.34 billion, a PE ratio of 18.26, a PEG ratio of 1.53 and a beta of 0.62. The stock’s fifty day moving average price is $27.66 and its 200 day moving average price is $26.10. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) last issued its quarterly earnings data on Friday, March 24th. The utilities provider reported $0.29 earnings per share for the quarter. The company had revenue of $2.69 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 14.21% and a return on equity of 14.51%. On average, sell-side analysts forecast that Perusahaan Perseroan will post 1.95 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.2% during the third quarter. First Republic Investment Management Inc. now owns 62,521 shares of the utilities provider’s stock valued at $1,804,000 after purchasing an additional 3,095 shares during the period. Pacer Advisors Inc. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.8% in the fourth quarter. Pacer Advisors Inc. now owns 17,346 shares of the utilities provider’s stock worth $414,000 after acquiring an additional 9,525 shares during the period. Lord Abbett & CO. LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter worth approximately $1,843,000. Assetmark Inc. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.4% in the third quarter. Assetmark Inc. now owns 87,565 shares of the utilities provider’s stock worth $2,526,000 after acquiring an additional 7,554 shares during the period. Finally, Boston Common Asset Management LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 218.9% in the fourth quarter. Boston Common Asset Management LLC now owns 33,805 shares of the utilities provider’s stock worth $806,000 after acquiring an additional 23,206 shares during the period. Institutional investors own 4.04% of the company’s stock.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

(Get Rating)

PT Telkom Indonesia (Persero) Tbk is a holding company, which engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, SMS, value added services and, mobile broadband.