PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Up – Still a Buy?

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) gapped up before the market opened on Wednesday . The stock had previously closed at $14.70, but opened at $15.40. PT Telekomunikasi Indonesia, Tbk shares last traded at $15.5850, with a volume of 221,945 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on TLK. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Zacks Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Trading Up 5.7%

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The company has a market cap of $15.40 billion, a PE ratio of 15.67, a P/E/G ratio of 2.56 and a beta of 0.34. The business’s 50-day simple moving average is $17.26 and its 200-day simple moving average is $19.56.

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

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 18th will be paid a $1.2214 dividend. The ex-dividend date is Thursday, June 18th. This represents a yield of 830.0%. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio (DPR) is presently 106.06%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mariner LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 0.5% during the 3rd quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock valued at $1,893,000 after purchasing an additional 501 shares during the last quarter. Savant Capital LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 4.1% during the 3rd quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 607 shares during the last quarter. Assetmark Inc. lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 24.7% during the 1st quarter. Assetmark Inc. now owns 3,716 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 737 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 18.8% during the 4th quarter. TD Private Client Wealth LLC now owns 5,360 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 847 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 28.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,136 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 917 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.