PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Reaches New 1-Year High – Here’s Why

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) shares hit a new 52-week high during trading on Thursday . The company traded as high as $22.82 and last traded at $22.8350, with a volume of 102121 shares traded. The stock had previously closed at $21.76.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 issued a Sell rating to the company. According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Up 4.9%

The firm has a market cap of $21.47 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39. The stock’s 50 day moving average is $21.42 and its 200 day moving average is $19.75. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.17.

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

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 20.7% during the first quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after purchasing an additional 62,882 shares during the period. Millennium Management LLC lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 271.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after acquiring an additional 106,481 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at approximately $186,000.

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.