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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE TLK opened at $19.66 on Friday. The company has a 50 day simple moving average of $23.81 and a two-hundred day simple moving average of $24.28. Perusahaan Perseroan has a fifty-two week low of $19.47 and a fifty-two week high of $29.44. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.94 and a beta of 0.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.78.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. The company had revenue of $2.43 billion during the quarter. Analysts expect that Perusahaan Perseroan will post 1.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legacy Wealth Asset Management LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 21.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 91,559 shares of the utilities provider’s stock worth $2,038,000 after acquiring an additional 16,131 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,075,291 shares of the utilities provider’s stock worth $90,716,000 after purchasing an additional 30,270 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 38.6% during the first quarter. Kathmere Capital Management LLC now owns 33,433 shares of the utilities provider’s stock valued at $744,000 after purchasing an additional 9,318 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 45.2% during the first quarter. Janiczek Wealth Management LLC now owns 13,751 shares of the utilities provider’s stock valued at $306,000 after buying an additional 4,278 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 91.5% in the 1st quarter. DGS Capital Management LLC now owns 28,400 shares of the utilities provider’s stock worth $632,000 after buying an additional 13,566 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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.