PT Telekomunikasi Indonesia, Tbk (TLK) Expected to Announce Quarterly Earnings on Thursday

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) is projected to post its results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.3292 per share and revenue of $2.13 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK stock opened at $12.22 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $10.15 and a fifty-two week high of $23.51. The firm has a market cap of $12.11 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.80 and a beta of 0.40. The business’s 50 day moving average price is $13.73 and its 200-day moving average price is $16.68.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TLK. Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.

Telkom’s consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia’s major wireless operators.