PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Down – Should You Sell?

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) gapped down prior to trading on Monday . The stock had previously closed at $15.54, but opened at $13.70. PT Telekomunikasi Indonesia, Tbk shares last traded at $14.3550, with a volume of 593,303 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Zacks Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, PT Telekomunikasi Indonesia, Tbk presently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 9.0%

The firm has a market cap of $14.01 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.83 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s fifty day moving average is $17.42 and its 200 day moving average is $19.65.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its earnings results on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The business had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. As a group, equities research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 23.4% during the 1st quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock worth $469,426,000 after buying an additional 4,770,126 shares during the period. Northcape Capital Pty Ltd boosted its holdings in shares of 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 during the period. Envestnet Asset Management Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 906,510 shares of the utilities provider’s stock worth $17,061,000 after buying an additional 25,429 shares during the period. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 91,448 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock valued at $12,932,000 after purchasing an additional 2,524 shares during the period.

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.