PT Telekomunikasi Indonesia, Tbk (TLK) Projected to Post Earnings on Friday

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) is projected to release its resultson Friday, March 20th. Analysts expect PT Telekomunikasi Indonesia, Tbk to post earnings of $0.3182 per share and revenue of $2.2256 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.0%

NYSE TLK opened at $17.97 on Friday. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $23.51. The firm has a 50-day moving average price of $20.96 and a 200 day moving average price of $20.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.76.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 34.6% during the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock worth $377,750,000 after buying an additional 5,154,799 shares in the last quarter. Millennium Management LLC increased its holdings in PT Telekomunikasi Indonesia, Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after buying an additional 402,344 shares in the last quarter. First Trust Advisors LP lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,041.8% during the 3rd quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock valued at $6,507,000 after acquiring an additional 315,488 shares during the period. UBS Group AG boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the 3rd quarter. UBS Group AG now owns 323,974 shares of the utilities provider’s stock worth $6,097,000 after acquiring an additional 134,316 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 31.0% during the 3rd quarter. Bank of America Corp DE now owns 540,719 shares of the utilities provider’s stock worth $10,176,000 after acquiring an additional 127,876 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.