PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) from a strong sell rating to a hold rating in a report published on Thursday,Zacks reports.

TLK has been the topic of several other research reports. Weiss Ratings downgraded PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 31st. Wall Street Zen upgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.3%

PT Telekomunikasi Indonesia, Tbk stock opened at $12.84 on Thursday. The firm has a market capitalization of $12.72 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.85 and a beta of 0.40. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $12.38 and a twelve month high of $23.51. The stock’s fifty day simple moving average is $14.30 and its 200-day simple moving average is $15.54.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

A number of institutional investors and hedge funds have recently modified their holdings of TLK. Ballast Advisors LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk in the first quarter valued at $48,000. MidFirst Bank purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth about $54,000. GAMMA Investing LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,140 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 910 shares in the last quarter. Assetmark Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 24.7% during the 1st quarter. Assetmark Inc. now owns 3,716 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 737 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 33.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 1,167 shares during the last quarter.

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 and mobile communications, broadband internet, network connectivity, information technology services, cloud solutions, and digital services to consumers, businesses, government institutions, and wholesale customers.

Telkom’s consumer operations include broadband services under the IndiHome brand and mobile communications through Telkomsel, its major telecommunications subsidiary.