PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Down – Should You Sell?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price gapped down before the market opened on Monday . The stock had previously closed at $15.54, but opened at $13.70. PT Telekomunikasi Indonesia, Tbk shares last traded at $14.3550, with a volume of 593,303 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research downgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

The firm has a market cap of $14.59 billion, a PE ratio of 14.87, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a 50-day moving average price of $17.26 and a 200 day moving average price of $19.56.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The business had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%. Research analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 18th will be given a dividend of $1.2214 per share. This represents a yield of 830.0%. The ex-dividend date of this dividend is Thursday, June 18th. PT Telekomunikasi Indonesia, Tbk’s payout ratio is 106.06%.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

Institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its position in PT Telekomunikasi Indonesia, Tbk by 828.9% during the third quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 1,177 shares during the period. Raymond James Financial Inc. purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter valued at about $25,000. Kestra Advisory Services LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at about $36,000. Global Retirement Partners LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at about $40,000. Finally, Smartleaf Asset Management LLC grew its position in 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 valued at $37,000 after acquiring an additional 921 shares during the period.

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.