PT Telekomunikasi Indonesia, Tbk (TLK) Projected to Post Earnings on Wednesday

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) will likely be releasing its results before the market opens on Wednesday, April 29th. Analysts expect PT Telekomunikasi Indonesia, Tbk to post earnings of $0.3393 per share and revenue of $2.2445 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk Stock Up 0.8%

TLK stock opened at $16.83 on Tuesday. The stock has a market capitalization of $16.67 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $15.12 and a 12 month high of $23.51. The firm has a 50-day moving average price of $19.00 and a 200-day moving average price of $20.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1.4% in the fourth quarter. Lazard Asset Management LLC now owns 20,359,765 shares of the utilities provider’s stock worth $428,573,000 after acquiring an additional 288,059 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PT Telekomunikasi Indonesia, Tbk by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 690,747 shares of the utilities provider’s stock valued at $14,539,000 after buying an additional 15,511 shares during the last quarter. Bank of America Corp DE raised its holdings in PT Telekomunikasi Indonesia, Tbk by 31.0% in the 3rd quarter. Bank of America Corp DE now owns 540,719 shares of the utilities provider’s stock valued at $10,176,000 after buying an additional 127,876 shares during the last quarter. Millennium Management LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 606.8% in the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after buying an additional 402,344 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in PT Telekomunikasi Indonesia, Tbk by 20.7% in the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock valued at $5,416,000 after buying an additional 62,882 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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.