PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Posts Earnings Results, Misses Expectations By $0.11 EPS

Key Points

• PT Telekomunikasi Indonesia reported quarterly EPS of $0.22, missing analyst expectations of $0.33 by $0.11. Revenue was $2.11 billion, slightly below the $2.13 billion consensus estimate.
• Shares fell to $11.16 during Friday trading, near the lower end of their 12-month range of $10.15 to $23.51, with the stock trading below both its 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: the stock carries a consensus “Reduce” rating, with one analyst at “Hold” and another at “Sell,” despite Zacks upgrading its view from “Strong Sell” to “Hold.”

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report) posted its quarterly earnings results on Friday. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.11), FiscalAI reports. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.13 billion. PT Telekomunikasi Indonesia, Tbk had a return on equity of 11.53% and a net margin of 11.62%.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK traded down $0.06 during trading hours on Friday, reaching $11.16. The stock had a trading volume of 2,017,427 shares, compared to its average volume of 997,385. The company's 50-day moving average is $13.48 and its two-hundred day moving average is $16.49. The stock has a market capitalization of $11.06 billion, a PE ratio of 10.73, a PEG ratio of 0.75 and a beta of 0.40. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $10.15 and a 12 month high of $23.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Thursday. Wall Street Zen cut shares of PT Telekomunikasi Indonesia, Tbk from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Finally, Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce".

PT Telekomunikasi Indonesia, Tbk Company Profile

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.

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