PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Up – Still a Buy?

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) gapped up before the market opened on Wednesday . The stock had previously closed at $14.70, but opened at $15.40. PT Telekomunikasi Indonesia, Tbk shares last traded at $15.5850, with a volume of 221,945 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on TLK shares. Weiss Ratings raised shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Zacks Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Trading Up 3.8%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s fifty day moving average is $17.15 and its two-hundred day moving average is $19.48. The firm has a market capitalization of $15.77 billion, a PE ratio of 16.08, a PEG ratio of 2.79 and a beta of 0.34.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its earnings results on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The firm had revenue of $2.19 billion for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. On average, equities analysts predict that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 18th will be given a $1.2214 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a yield of 830.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is currently 106.06%.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Large investors have recently made changes to their positions in the business. Factory Mutual Insurance Co. bought a new position in PT Telekomunikasi Indonesia, Tbk during the third quarter valued at about $1,638,000. American Century Companies Inc. raised its position in PT Telekomunikasi Indonesia, Tbk by 11.3% in the third quarter. American Century Companies Inc. now owns 904,285 shares of the utilities provider’s stock worth $17,019,000 after acquiring an additional 91,448 shares during the period. Northcape Capital Pty Ltd raised its position in PT Telekomunikasi Indonesia, Tbk by 111.4% in the fourth quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock worth $27,222,000 after acquiring an additional 662,110 shares during the period. Barometer Capital Management Inc. boosted its stake in PT Telekomunikasi Indonesia, Tbk by 102.5% in the third quarter. Barometer Capital Management Inc. now owns 223,200 shares of the utilities provider’s stock valued at $4,201,000 after acquiring an additional 113,000 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its stake in PT Telekomunikasi Indonesia, Tbk by 52.5% in the third quarter. Ramirez Asset Management Inc. now owns 535,828 shares of the utilities provider’s stock valued at $10,084,000 after acquiring an additional 184,478 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.