Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKFree Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 2.1 %

Shares of TLK stock opened at $22.28 on Wednesday. Perusahaan Perseroan has a 1 year low of $21.67 and a 1 year high of $29.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 0.72. The stock’s 50 day simple moving average is $25.36 and its two-hundred day simple moving average is $24.67.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Free Report) last issued its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 EPS for the quarter. The business had revenue of $2.43 billion for the quarter. Equities research analysts anticipate that Perusahaan Perseroan will post 1.69 earnings per share for the current year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several institutional investors and hedge funds have recently modified their holdings of TLK. BNP Paribas Arbitrage SA lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock valued at $25,000 after buying an additional 428 shares during the period. Credit Suisse AG lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.4% in the 3rd quarter. Credit Suisse AG now owns 870 shares of the utilities provider’s stock valued at $25,000 after buying an additional 477 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock valued at $56,000 after buying an additional 1,124 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 118.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,618 shares of the utilities provider’s stock valued at $61,000 after buying an additional 1,418 shares during the period. Finally, CWM LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 153.0% in the 4th quarter. CWM LLC now owns 2,517 shares of the utilities provider’s stock valued at $65,000 after buying an additional 1,522 shares during the period.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.

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