PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Announces Quarterly Earnings Results

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) issued its quarterly earnings data on Friday. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.11), FiscalAI reports. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.13 billion. PT Telekomunikasi Indonesia, Tbk had a return on equity of 11.53% and a net margin of 11.62%.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $11.16 on Friday. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.74 and a beta of 0.40. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $10.15 and a twelve month high of $23.51. The company’s fifty day moving average is $13.41 and its 200 day moving average is $16.43. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Thursday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.

Telkom’s consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia’s major wireless operators.