PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

TLK has been the subject of several other research reports. Weiss Ratings cut PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, July 31st. Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Down 5.7%

TLK stock opened at $10.40 on Friday. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.73 and a beta of 0.40. The company has a 50-day moving average of $13.95 and a two-hundred day moving average of $15.25. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $10.15 and a 52-week high of $23.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.78.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Investment Management LLC acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the third quarter valued at about $753,000. Legacy Wealth Asset Management LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 1.0% during the third quarter. Legacy Wealth Asset Management LLC now owns 126,634 shares of the utilities provider’s stock worth $1,615,000 after buying an additional 1,274 shares in the last quarter. Farther Finance Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 38.6% during the third quarter. Farther Finance Advisors LLC now owns 12,595 shares of the utilities provider’s stock worth $161,000 after buying an additional 3,505 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 3.2% during the second quarter. Sequoia Financial Advisors LLC now owns 25,034 shares of the utilities provider’s stock worth $336,000 after buying an additional 776 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in PT Telekomunikasi Indonesia, Tbk by 288.1% during the second quarter. Engineers Gate Manager LP now owns 118,281 shares of the utilities provider’s stock valued at $1,589,000 after acquiring an additional 87,803 shares during the period.

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 voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.

Telkom’s consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia’s major wireless operators.