PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Reaches New 12-Month Low – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $13.23 and last traded at $13.23, with a volume of 129714 shares. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Zacks Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Price Performance

The company has a market capitalization of $13.07 billion, a PE ratio of 12.69, a P/E/G ratio of 0.87 and a beta of 0.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a 50 day moving average price of $14.58 and a two-hundred day moving average price of $15.82.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

A number of institutional investors have recently added to or reduced their stakes in TLK. MidFirst Bank acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the 4th quarter valued at $54,000. Ballast Advisors LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth about $48,000. Assetmark Inc. boosted its stake 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. GAMMA Investing LLC increased its holdings 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 valued at $56,000 after acquiring an additional 910 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 in the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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.