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 equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $18.69 on Friday. The stock has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $19.38. Perusahaan Perseroan has a 12 month low of $16.62 and a 12 month high of $26.85. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16.

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 (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 business had revenue of $2.35 billion during the quarter. On average, equities research analysts expect that Perusahaan Perseroan will post 1.69 EPS for the current year.

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

Several institutional investors have recently modified their holdings of TLK. UMB Bank n.a. lifted its holdings 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 worth $26,000 after buying an additional 660 shares during the period. Mather Group LLC. acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the first quarter worth approximately $40,000. CWM LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 613 shares during the last quarter. BNP Paribas Financial Markets increased its position 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 during the period. Finally, Ascent Group LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter worth approximately $210,000.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.