StockNews.com Upgrades Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) to Buy

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.6 %

TLK opened at $19.66 on Friday. The company has a market capitalization of $17.71 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.94 and a beta of 0.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.78 and a quick ratio of 0.76. The firm’s fifty day moving average price is $23.81 and its two-hundred day moving average price is $24.28. Perusahaan Perseroan has a fifty-two week low of $19.47 and a fifty-two week high of $29.44.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 EPS for the quarter. The company had revenue of $2.43 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.52% and a return on equity of 16.11%. On average, analysts anticipate that Perusahaan Perseroan will post 1.68 EPS for the current year.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of large investors have recently bought and sold shares of TLK. JPMorgan Chase & Co. lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 244.8% during the 1st quarter. JPMorgan Chase & Co. now owns 27,753 shares of the utilities provider’s stock valued at $886,000 after purchasing an additional 19,705 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.5% in the 1st quarter. Raymond James & Associates now owns 48,152 shares of the utilities provider’s stock worth $1,538,000 after acquiring an additional 1,609 shares in the last quarter. HighTower Advisors LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 9,738 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 354 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at $364,000. Finally, Citigroup Inc. boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.8% in the first quarter. Citigroup Inc. now owns 99,105 shares of the utilities provider’s stock worth $3,165,000 after purchasing an additional 7,152 shares in the last quarter.

Perusahaan Perseroan (Persero) 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.