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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk logo with Utilities background

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.03 and traded as high as $16.22. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $16.19, with a volume of 462,853 shares traded.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The business's 50-day moving average is $14.86 and its two-hundred day moving average is $16.03. The company has a market capitalization of $16.04 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 2.18 and a beta of 0.56.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of hedge funds and other institutional investors have recently modified their holdings of TLK. GAMMA Investing LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider's stock worth $25,000 after purchasing an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider's stock worth $33,000 after buying an additional 662 shares during the last quarter. Farther Finance Advisors LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 541.8% during the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock valued at $47,000 after buying an additional 2,660 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth about $53,000. Finally, Assetmark Inc. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1,368.7% in the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider's stock worth $55,000 after acquiring an additional 3,449 shares during the period.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

(Get Free Report)

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.

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