Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up to $18.40

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) gapped up before the market opened on Friday . The stock had previously closed at $18.40, but opened at $18.77. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $18.88, with a volume of 455,968 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research note on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 2.2 %

The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.65. The business has a 50-day moving average of $18.36 and a 200-day moving average of $20.86.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after buying an additional 660 shares during the last quarter. Mather Group LLC. bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at about $40,000. EverSource Wealth Advisors LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 1,124 shares during the last quarter. CWM LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 153.0% during the fourth quarter. CWM LLC now owns 2,517 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 1,522 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the first quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,011 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.