Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – Time to Buy?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) shares gapped up before the market opened on Monday . The stock had previously closed at $15.68, but opened at $16.10. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $16.00, with a volume of 133,184 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 2.4 %

The company has a 50 day moving average of $17.37 and a 200-day moving average of $18.38. The company has a market cap of $14.45 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock valued at $85,411,000 after acquiring an additional 492,128 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after purchasing an additional 14,600 shares during the last quarter. American Century Companies Inc. raised its position 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 worth $8,895,000 after purchasing an additional 33,360 shares during the period. Oldfield Partners LLP lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock worth $8,692,000 after purchasing an additional 64,429 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% during the third quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock valued at $7,090,000 after buying an additional 73,322 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.