PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Down 5% – What’s Next?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) shares were down 5% during trading on Friday . The stock traded as low as $16.33 and last traded at $16.2950. Approximately 435,552 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 725,929 shares. The stock had previously closed at $17.16.

Analyst Ratings Changes

Several equities research analysts recently commented on TLK shares. Zacks Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings cut shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 4.7%

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $17.82 and its 200-day simple moving average is $19.98. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 4.37 and a beta of 0.36.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its quarterly earnings results on Wednesday, May 27th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.73. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. Equities analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 23.4% in the 1st quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after buying an additional 4,770,126 shares during the last quarter. Northcape Capital Pty Ltd increased its stake in PT Telekomunikasi Indonesia, Tbk by 111.4% in the 4th quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock valued at $27,222,000 after buying an additional 662,110 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in PT Telekomunikasi Indonesia, Tbk by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 906,510 shares of the utilities provider’s stock valued at $17,061,000 after buying an additional 25,429 shares during the last quarter. American Century Companies Inc. increased its stake in PT Telekomunikasi Indonesia, Tbk by 11.3% in the 3rd quarter. American Century Companies Inc. now owns 904,285 shares of the utilities provider’s stock valued at $17,019,000 after buying an additional 91,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in PT Telekomunikasi Indonesia, Tbk by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock valued at $12,932,000 after buying an additional 2,524 shares during the last quarter.

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.