Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sets New 1-Year Low – Time to Sell?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) reached a new 52-week low during trading on Wednesday . The company traded as low as $15.75 and last traded at $15.75, with a volume of 276786 shares changing hands. The stock had previously closed at $16.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 1.0 %

The firm’s 50 day moving average price is $17.43 and its two-hundred day moving average price is $18.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.58 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TLK. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 660 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,165 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% during the third quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock worth $250,000 after buying an additional 2,497 shares in the last quarter. First Affirmative Financial Network acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter worth $252,000. Finally, Caprock Group LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter valued at $253,000.

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.