Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Strong Trading Volume

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) saw unusually-high trading volume on Friday . Approximately 204,351 shares were traded during trading, a decline of 17% from the previous session’s volume of 245,268 shares.The stock last traded at $26.41 and had previously closed at $26.81.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in a research note on Thursday. They set a “hold” rating on the stock.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 1.5 %

The stock has a market capitalization of $23.78 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63. The firm has a 50-day moving average price of $25.61 and a 200-day moving average price of $26.36. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 9,738 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 354 shares during the last quarter. BNP Paribas Arbitrage SNC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 6.9% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,316 shares of the utilities provider’s stock valued at $182,000 after purchasing an additional 406 shares during the last quarter. Summit Global Investments increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.6% during the 4th quarter. Summit Global Investments now owns 9,293 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 409 shares during the last quarter. CWM LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 54.9% during the 3rd quarter. CWM LLC now owns 1,207 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 428 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 428 shares during the last quarter. 4.04% of the stock is owned by hedge funds and other institutional investors.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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PT Telkom Indonesia (Persero) Tbk is a holding company, which engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, SMS, value added services and, mobile broadband.