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

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) gapped up prior to trading 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 upgraded 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 Performance

The company’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $18.38. The stock has a market cap of $14.45 billion, a PE 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 quick ratio of 0.69 and a current ratio of 0.70.

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

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings 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 purchasing an additional 492,128 shares during the period. Renaissance Technologies LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock worth $73,093,000 after purchasing an additional 14,600 shares during the period. American Century Companies Inc. raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the second quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock valued at $8,895,000 after purchasing an additional 33,360 shares during the period. Oldfield Partners LLP lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the 3rd quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock valued at $8,692,000 after buying an additional 64,429 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% in the 3rd quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock worth $7,090,000 after buying an additional 73,322 shares during the period.

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.