PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.47 and traded as high as $21.47. PT Telekomunikasi Indonesia, Tbk shares last traded at $21.2650, with a volume of 816,611 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.3%

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $21.27 and its 200-day simple moving average is $20.48.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its earnings results on Monday, December 1st. The utilities provider reported ($0.01) earnings per share for the quarter. The business had revenue of ($4,514.03) million during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%. On average, equities analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current year.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its stake in PT Telekomunikasi Indonesia, Tbk by 828.9% in the third quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,177 shares during the last quarter. First Horizon Corp bought a new position in PT Telekomunikasi Indonesia, Tbk during the third quarter valued at $26,000. Kestra Advisory Services LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in 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 period.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.