PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.10 and traded as high as $20.40. PT Telekomunikasi Indonesia, Tbk shares last traded at $20.29, with a volume of 534,125 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Down 3.6%

The stock’s fifty day moving average is $21.47 and its 200-day moving average is $20.10. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its quarterly earnings data on Monday, December 1st. The utilities provider reported ($0.01) earnings per share for the quarter. The firm had revenue of ($4,514.03) million during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%. On average, research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current year.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Large investors have recently bought and sold shares of the company. Mariner LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 0.5% during the 3rd quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock worth $1,893,000 after buying an additional 501 shares during the period. Savant Capital LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 4.1% in the 3rd quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 607 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 28.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,136 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 917 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 921 shares during the period. Finally, WealthCollab LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% during the fourth quarter. WealthCollab LLC now owns 3,808 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 978 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.