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

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.10 and traded as high as $21.12. PT Telekomunikasi Indonesia, Tbk shares last traded at $21.09, with a volume of 151,626 shares.

Analyst Upgrades and Downgrades

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

PT Telekomunikasi Indonesia, Tbk Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77. The stock’s fifty day moving average price is $20.90 and its 200-day moving average price is $19.12. The company has a market capitalization of $21.07 billion, a P/E ratio of 15.76, a PEG ratio of 3.28 and a beta of 0.39.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings results on Monday, December 1st. The utilities provider reported ($0.01) earnings per share for the quarter. The company had revenue of ($4,514.03) million during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. As a group, research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mariner LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 0.5% in the third quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock worth $1,893,000 after acquiring an additional 501 shares during the last quarter. Savant Capital LLC grew its stake in shares of PT Telekomunikasi Indonesia, Tbk by 4.1% during the third quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock worth $288,000 after buying an additional 607 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after buying an additional 921 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 12.9% during the 2nd quarter. Signaturefd LLC now owns 8,219 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 937 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in PT Telekomunikasi Indonesia, Tbk by 828.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,177 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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.