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

StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a hold rating to a buy rating in a report released on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 0.5 %

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $18.69 on Friday. The business has a 50 day moving average price of $19.22 and a two-hundred day moving average price of $19.34. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. Perusahaan Perseroan has a 12 month low of $16.62 and a 12 month high of $26.85.

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

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

A number of hedge funds have recently modified their holdings of TLK. Allspring Global Investments Holdings LLC raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after buying an additional 492,128 shares in the last quarter. Northcape Capital Pty Ltd raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 75.1% in the 1st quarter. Northcape Capital Pty Ltd now owns 572,516 shares of the utilities provider’s stock worth $12,744,000 after buying an additional 245,573 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock worth $5,921,000 after buying an additional 230,613 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter worth approximately $2,301,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter worth approximately $2,163,000.

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.