Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) was downgraded by Deutsche Bank from a "buy" rating to a "hold" rating in a research report issued on Friday, The Fly reports.
Separately, ValuEngine downgraded Telekomnks Indn Prsr Tbk Prshn Prsrn from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd.
Shares of NYSE:TLK traded up $0.74 during midday trading on Friday, reaching $22.48. 309,840 shares of the company's stock traded hands, compared to its average volume of 414,056. Telekomnks Indn Prsr Tbk Prshn Prsrn has a one year low of $16.06 and a one year high of $31.48. The stock has a 50 day moving average of $21.79 and a 200 day moving average of $23.74. The company has a market cap of $21.54 billion, a price-to-earnings ratio of 17.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.67.
Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) last released its quarterly earnings data on Wednesday, May 27th. The utilities provider reported $0.16 earnings per share for the quarter. Telekomnks Indn Prsr Tbk Prshn Prsrn had a net margin of 13.77% and a return on equity of 15.90%. The firm had revenue of $2.31 billion during the quarter.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TLK. RMR Wealth Builders purchased a new stake in Telekomnks Indn Prsr Tbk Prshn Prsrn during the fourth quarter valued at approximately $25,000. FDx Advisors Inc. purchased a new stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn in the 1st quarter valued at about $73,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 20.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,707 shares of the utilities provider's stock valued at $248,000 after purchasing an additional 1,484 shares during the period. Geode Capital Management LLC grew its stake in Telekomnks Indn Prsr Tbk Prshn Prsrn by 43.0% during the 4th quarter. Geode Capital Management LLC now owns 15,607 shares of the utilities provider's stock worth $444,000 after buying an additional 4,690 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 14.9% during the fourth quarter. Quadrant Capital Group LLC now owns 19,937 shares of the utilities provider's stock worth $564,000 after acquiring an additional 2,578 shares during the last quarter. Institutional investors own 3.95% of the company's stock.
About Telekomnks Indn Prsr Tbk Prshn Prsrn
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.
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