PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Rating Lowered to Strong Sell at Zacks Research

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday, Zacks reports.

TLK has been the subject of a number of other reports. Wall Street Zen upgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. 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. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Trading Down 0.0%

PT Telekomunikasi Indonesia, Tbk stock opened at $14.99 on Wednesday. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.23 and a 1 year high of $23.51. The firm’s 50-day moving average is $14.63 and its 200-day moving average is $16.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. The company has a market cap of $14.85 billion, a P/E ratio of 14.42, a PEG ratio of 0.98 and a beta of 0.35.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Institutional investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG acquired a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter worth approximately $4,784,000. Himension Capital Singapore PTE. LTD. lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 262.3% during the first quarter. Himension Capital Singapore PTE. LTD. now owns 119,283 shares of the utilities provider’s stock valued at $2,228,000 after purchasing an additional 86,363 shares during the last quarter. Sei Investments Co. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,021.8% in the 1st quarter. Sei Investments Co. now owns 289,999 shares of the utilities provider’s stock valued at $5,417,000 after purchasing an additional 264,148 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 23.4% in the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock worth $469,426,000 after buying an additional 4,770,126 shares during the period. Finally, Barometer Capital Management Inc. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter worth approximately $6,385,000.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is an Indonesian telecommunications and information technology company. Through its subsidiaries and business units, the company provides fixed-line and mobile communications, broadband internet, network connectivity, and digital services to consumers, businesses, and government customers.

Telkom’s consumer offerings include mobile voice and data services, fixed broadband, pay television, and related digital products.