Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Stock Rating Lowered by StockNews.com

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 2.1 %

Shares of TLK traded down $0.49 during trading hours on Wednesday, hitting $22.28. The company’s stock had a trading volume of 427,206 shares, compared to its average volume of 187,138. The business has a 50 day simple moving average of $25.36 and a two-hundred day simple moving average of $24.67. Perusahaan Perseroan has a 52-week low of $21.67 and a 52-week high of $29.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.72 and a quick ratio of 0.70.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $2.43 billion during the quarter. As a group, equities research analysts anticipate that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 372,213 shares of the utilities provider’s stock worth $8,970,000 after acquiring an additional 47,788 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 11.1% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 22,080 shares of the utilities provider’s stock worth $589,000 after purchasing an additional 2,200 shares during the period. Citigroup Inc. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 44.9% during the 3rd quarter. Citigroup Inc. now owns 221,001 shares of the utilities provider’s stock valued at $5,326,000 after purchasing an additional 68,438 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.9% during the third quarter. Van ECK Associates Corp now owns 82,230 shares of the utilities provider’s stock valued at $1,982,000 after buying an additional 9,416 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 169,357 shares of the utilities provider’s stock worth $4,082,000 after buying an additional 3,610 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.