PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Issues Quarterly Earnings Results

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) issued its quarterly earnings results on Monday. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%.The firm had revenue of ($4,514.03) million during the quarter.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of NYSE:TLK opened at $21.53 on Wednesday. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $22.39. The stock’s 50 day moving average is $19.94 and its 200-day moving average is $18.63. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.84 and a beta of 0.39.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Several hedge funds and other institutional investors have recently made changes to their positions in TLK. Brown Brothers Harriman & Co. raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 828.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,177 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the second quarter worth approximately $25,000. First Horizon Corp bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock valued at $37,000 after buying an additional 921 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock valued at $41,000 after buying an additional 2,266 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

About PT Telekomunikasi Indonesia, Tbk

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.