Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Stock Rating Upgraded by StockNews.com

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $20.62 on Tuesday. Perusahaan Perseroan has a twelve month low of $16.62 and a twelve month high of $26.85. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $19.64. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.77.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. The business had revenue of $2.35 billion during the quarter. Analysts forecast that Perusahaan Perseroan will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the 2nd quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock valued at $8,895,000 after buying an additional 33,360 shares during the period. CWM LLC grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% during the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% during the 1st quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock valued at $625,000 after purchasing an additional 14,860 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 1,367 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% during the 4th quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock valued at $3,445,000 after purchasing an additional 12,583 shares during 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.