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NVDA   462.45 (+1.06%)
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MSFT   210.96 (+0.85%)
FB   263.17 (+1.26%)
GOOGL   1,528.03 (+1.38%)
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TSLA   1,645.27 (+5.82%)
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MU   46.79 (-3.49%)
AMD   82.60 (-0.01%)
T   29.89 (-0.96%)
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Deutsche Bank Lowers Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) to Hold

Friday, July 3, 2020 | MarketBeat

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.

Read More: What is the G-20?

The Fly

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Tech Stocks to Buy Now For a Post Coronavirus Economy

The Covid-19 pandemic has created a new “tech wreck”. But unlike the broad selloff at the end of 2018, this downturn has been more selective. Some stocks that looked like they were a little overbought have seen their share prices lowered.

In some cases, there was a legitimate reason for this. However, in other cases, it was likely a result of profit-taking disguised as something else. That’s the nature of a crisis. It gives investors the cover to do what they wanted to do anyway. But once investors start to sell, it can trigger a herd mentality.

And that’s when savvy investors start to look for opportunities. Because as Warren Buffett famously said, “Be greedy when others are fearful.” Tech stocks will lead the way back when the pandemic is over. Because if there’s one thing this moment in time is teaching us, it’s that we’re not going to be less dependent on technology. Businesses aren’t going to be doing less digital advertising. Consumers aren’t going to do less e-commerce.

But the fundamentals still matter. That’s why one of the common traits of many of these companies is that they have rock-solid balance sheets.

View the "7 Tech Stocks to Buy Now For a Post Coronavirus Economy".

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