PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Reaches New 52-Week High – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.36 and last traded at $21.20, with a volume of 348415 shares changing hands. The stock had previously closed at $20.98.

Wall Street Analyst Weigh In

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

PT Telekomunikasi Indonesia, Tbk Stock Up 0.7%

The firm’s 50-day simple moving average is $19.42 and its 200 day simple moving average is $18.15. The company has a market cap of $20.93 billion, a P/E ratio of 14.77, a PEG ratio of 3.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

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

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Institutional investors have recently modified their holdings of the stock. Cerity Partners LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 142.6% in the 1st quarter. Cerity Partners LLC now owns 81,784 shares of the utilities provider’s stock valued at $1,208,000 after acquiring an additional 48,073 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in PT Telekomunikasi Indonesia, Tbk by 37.7% during the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,210 shares during the period. Choreo LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 6.5% in the first quarter. Choreo LLC now owns 38,459 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 2,336 shares in the last quarter. Advisors Preferred LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the first quarter worth $516,000. Finally, One Wealth Advisors LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the first quarter worth $267,000.

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.