PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Down – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price gapped down before the market opened on Friday . The stock had previously closed at $22.36, but opened at $21.40. PT Telekomunikasi Indonesia, Tbk shares last traded at $21.36, with a volume of 96,357 shares.

Wall Street Analyst Weigh In

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

PT Telekomunikasi Indonesia, Tbk Stock Performance

The stock’s 50 day simple moving average is $19.80 and its two-hundred day simple moving average is $18.48. The company has a market capitalization of $21.13 billion, a P/E ratio of 14.92, a P/E/G ratio of 3.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $38,172.05 billion. As a group, research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Several large investors have recently made changes to their positions in TLK. Sequoia Financial Advisors LLC acquired a new position in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter valued at about $249,000. GAMMA Investing LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% during the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock worth $45,000 after buying an additional 1,577 shares during the last quarter. Callan Family Office LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 220.7% in the second quarter. Callan Family Office LLC now owns 51,953 shares of the utilities provider’s stock valued at $880,000 after buying an additional 35,754 shares during the period. PNC Financial Services Group Inc. boosted its stake in PT Telekomunikasi Indonesia, Tbk by 55.0% in the second quarter. PNC Financial Services Group Inc. now owns 36,811 shares of the utilities provider’s stock valued at $624,000 after acquiring an additional 13,068 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock worth $12,633,000 after acquiring an additional 440,426 shares during the period.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.