PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

TLK has been the topic of a number of other reports. Weiss Ratings downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 31st. Zacks Research upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.1%

TLK opened at $14.84 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. The company has a market capitalization of $14.70 billion, a PE ratio of 14.27 and a beta of 0.35. The stock’s fifty day moving average is $14.55 and its 200-day moving average is $16.51. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.23 and a one year high of $23.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TLK. Lazard Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% during the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock worth $377,750,000 after purchasing an additional 5,154,799 shares during the period. Millennium Management LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after purchasing an additional 402,344 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter worth about $4,784,000. Barometer Capital Management Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter valued at about $6,385,000. Finally, First Trust Advisors LP grew its position in PT Telekomunikasi Indonesia, Tbk by 1,041.8% in the third quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock worth $6,507,000 after acquiring an additional 315,488 shares in the last quarter.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.