PT XL Axiata Tbk (OTCMKTS:PTXKY) Shares Gap Down – Here’s What Happened

Shares of PT XL Axiata Tbk (OTCMKTS:PTXKY) gapped down prior to trading on Wednesday . The stock had previously closed at $2.80, but opened at $2.66. PT XL Axiata Tbk shares last traded at $2.66, with a volume of 639 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised PT XL Axiata Tbk to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

PT XL Axiata Tbk Stock Performance

The stock has a market cap of $2.42 billion and a price-to-earnings ratio of 0.00. The company has a 50-day moving average of $3.28 and a 200-day moving average of $3.74.

About PT XL Axiata Tbk

PT XL Axiata Tbk is a leading Indonesian telecommunications operator that provides a comprehensive range of mobile and fixed wireless services. As a member of the Axiata Group Berhad, the company offers nationwide cellular voice, SMS and data connectivity under the XL and Axis brands. Its network portfolio spans 2G, 3G, 4G LTE and has begun initial roll-outs of 5G infrastructure in key urban centers, supported by a growing network of radio access sites and fiber-optic backhaul.

In addition to core mobile services, XL Axiata develops a portfolio of digital products and enterprise solutions.