PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Sets New 12-Month High – Still a Buy?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.82 and last traded at $22.8350, with a volume of 102121 shares traded. The stock had previously closed at $21.76.

Analysts Set New Price Targets

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

PT Telekomunikasi Indonesia, Tbk Stock Up 4.9%

The stock has a market capitalization of $21.47 billion, a P/E ratio of 16.91, a P/E/G ratio of 2.96 and a beta of 0.39. The firm’s fifty day moving average is $21.42 and its 200-day moving average is $19.75. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, December 1st. The utilities provider reported ($0.01) earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%.The firm had revenue of ($4,514.03) million for the quarter. As a group, equities research analysts predict that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 34.6% during the 3rd quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock worth $377,750,000 after buying an additional 5,154,799 shares in the last quarter. Northcape Capital Pty Ltd lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 111.4% during the 4th quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock worth $27,222,000 after buying an additional 662,110 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in PT Telekomunikasi Indonesia, Tbk by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 906,510 shares of the utilities provider’s stock valued at $17,061,000 after buying an additional 25,429 shares during the last quarter. American Century Companies Inc. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 11.3% in the 3rd quarter. American Century Companies Inc. now owns 904,285 shares of the utilities provider’s stock valued at $17,019,000 after buying an additional 91,448 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 85.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,291 shares of the utilities provider’s stock worth $12,100,000 after acquiring an additional 328,332 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.