PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Releases Earnings Results, Misses Expectations By $0.11 EPS

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) released its earnings results on Friday. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11), FiscalAI reports. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.13 billion. PT Telekomunikasi Indonesia, Tbk had a return on equity of 11.53% and a net margin of 11.62%.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.5%

TLK traded down $0.06 on Friday, hitting $11.16. The company had a trading volume of 2,017,427 shares, compared to its average volume of 997,385. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $10.15 and a 52-week high of $23.51. The firm has a market capitalization of $11.06 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.75 and a beta of 0.40. The stock has a fifty day simple moving average of $13.48 and a 200-day simple moving average of $16.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.78.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TLK shares. Zacks Research upgraded PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Thursday. Finally, Wall Street Zen lowered PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average 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.