Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a buy rating to a hold rating in a report issued on Wednesday morning.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK opened at $22.28 on Wednesday. Perusahaan Perseroan has a 52-week low of $21.67 and a 52-week high of $29.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.72 and a quick ratio of 0.70. The business’s 50 day moving average price is $25.36 and its two-hundred day moving average price is $24.67.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. The firm had revenue of $2.43 billion for the quarter. Research analysts forecast that Perusahaan Perseroan will post 1.69 EPS for the current year.

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

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock worth $25,000 after buying an additional 428 shares in the last quarter. Credit Suisse AG grew its stake in 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 purchasing an additional 477 shares during the period. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 1,124 shares during the period. CWM LLC grew its stake in 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 purchasing an additional 1,522 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in 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 purchasing an additional 1,418 shares during the period.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.