PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Hits New 52-Week High – What’s Next?

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.52 and last traded at $23.4220, with a volume of 415347 shares changing hands. The stock had previously closed at $22.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 3.10 and a beta of 0.39. The firm has a 50-day simple moving average of $21.57 and a two-hundred day simple moving average of $19.95.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, December 1st. The utilities provider reported ($0.01) EPS for the quarter. The business had revenue of ($4,514.03) million during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. On average, sell-side analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TLK. Royal Bank of Canada increased its holdings in PT Telekomunikasi Indonesia, Tbk by 20.7% during the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after purchasing an additional 62,882 shares during the period. Millennium Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the period. Goldman Sachs Group Inc. raised its holdings in PT Telekomunikasi Indonesia, Tbk by 271.8% in the first quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock valued at $2,151,000 after acquiring an additional 106,481 shares in the last quarter. GAMMA Investing LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 146.2% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 1,577 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter worth approximately $186,000.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.