Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Hits New 1-Year Low – Here’s Why

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.70 and last traded at $14.67, with a volume of 228331 shares trading hands. The stock had previously closed at $15.69.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 5.9 %

The firm’s 50 day moving average price is $16.53 and its 200-day moving average price is $17.86. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The company has a market cap of $14.63 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider’s stock valued at $74,966,000 after purchasing an additional 98,552 shares during the period. Northcape Capital Pty Ltd lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the fourth quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock valued at $8,716,000 after buying an additional 77,655 shares during the period. Oldfield Partners LLP boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock worth $8,692,000 after buying an additional 64,429 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% during the 3rd quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock worth $7,090,000 after buying an additional 73,322 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 67.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 284,588 shares of the utilities provider’s stock valued at $5,629,000 after acquiring an additional 114,209 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.