Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a hold rating to a buy rating in a research note issued to investors on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.5 %

NYSE TLK opened at $18.69 on Friday. The business’s 50-day moving average price is $19.22 and its 200 day moving average price is $19.34. Perusahaan Perseroan has a twelve month low of $16.62 and a twelve month high of $26.85. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.36 EPS for the quarter. The company had revenue of $2.35 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.39% and a net margin of 15.65%. Research analysts expect that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

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

Large investors have recently modified their holdings of the stock. True Wealth Design LLC grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.9% during the 4th quarter. True Wealth Design LLC now owns 30,371 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 1,409 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock worth $688,000 after buying an additional 1,367 shares during the last quarter. CWM LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% during the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock worth $70,000 after buying an additional 613 shares during the last quarter. Mather Group LLC. bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter worth approximately $40,000. Finally, DGS Capital Management LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 91.5% during 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 during 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.