PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Share Price Passes Above 200 Day Moving Average – Time to Sell?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.47 and traded as high as $21.47. PT Telekomunikasi Indonesia, Tbk shares last traded at $21.2650, with a volume of 816,611 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, PT Telekomunikasi Indonesia, Tbk has an average rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77. The firm’s fifty day simple moving average is $21.27 and its 200 day simple moving average is $20.47.

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 (EPS) for the quarter. The company had revenue of ($4,514.03) million for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%. On average, analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current year.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Several hedge funds have recently made changes to their positions in the business. Factory Mutual Insurance Co. bought a new stake in PT Telekomunikasi Indonesia, Tbk during the 3rd quarter worth about $1,638,000. Northcape Capital Pty Ltd raised its holdings in PT Telekomunikasi Indonesia, Tbk by 33.2% during the third quarter. Northcape Capital Pty Ltd now owns 594,101 shares of the utilities provider’s stock worth $11,181,000 after acquiring an additional 147,928 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 55.0% in the second quarter. PNC Financial Services Group Inc. now owns 36,811 shares of the utilities provider’s stock valued at $624,000 after purchasing an additional 13,068 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 8.3% during the 2nd quarter. Lazard Asset Management LLC now owns 14,916,907 shares of the utilities provider’s stock worth $252,690,000 after purchasing an additional 1,147,045 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 13.1% in the 2nd quarter. Bank of Montreal Can now owns 173,442 shares of the utilities provider’s stock valued at $2,938,000 after buying an additional 20,141 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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.