PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Reaches New 1-Year High – Still a Buy?

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) reached a new 52-week high on Monday . The stock traded as high as $21.75 and last traded at $21.6930, with a volume of 68465 shares traded. The stock had previously closed at $20.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Up 3.7%

The business’s 50 day simple moving average is $19.62 and its 200 day simple moving average is $18.34. The stock has a market cap of $21.49 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.84 and a beta of 0.61. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results on Thursday, October 30th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $38,172.05 billion. On average, research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 828.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,177 shares during the last quarter. First Horizon Corp acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 3rd quarter worth about $26,000. Raymond James Financial Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth about $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after buying an additional 921 shares during the period. Finally, Allworth Financial LP grew its stake in PT Telekomunikasi Indonesia, Tbk by 1,032.4% in the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock valued at $41,000 after buying an additional 2,199 shares during the last quarter.

About 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.