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

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.8 %

Shares of NYSE TLK opened at $20.62 on Tuesday. The company has a market capitalization of $18.57 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.77. Perusahaan Perseroan has a 52-week low of $16.62 and a 52-week high of $26.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66. The company’s 50 day moving average price is $19.19 and its 200-day moving average price is $19.64.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share (EPS) 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 company had revenue of $2.35 billion for the quarter. Equities analysts forecast that Perusahaan Perseroan will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in 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 in the last quarter. UMB Bank n.a. increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 660 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,011 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 1,124 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 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.