Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (OTCMKTS:TLKMF) Shares Up 9.5% – Still a Buy?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (OTCMKTS:TLKMF) shares rose 9.5% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 45,000 shares traded hands during mid-day trading, an increase of 176% from the average daily volume of 16,325 shares. The stock had previously closed at C$0.20.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

The stock’s 50-day moving average price is C$0.22 and its two-hundred day moving average price is C$0.20.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications service provider. Majority-owned by the Government of Indonesia, the company traces its modern corporate structure to its 1991 incorporation under Law No. 3 of 1989, although its operational roots date back to the colonial-era postal and telegraph services of the mid-19th century. Telkom Indonesia is headquartered in Jakarta and Bandung and employs a network of subsidiaries and associates to deliver a comprehensive suite of connectivity solutions across the archipelago.

The company’s core activities encompass fixed-line and mobile telephony, broadband internet, and data communications.