PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Reaches New 12-Month Low - Time to Sell?

Key Points

• PT Telekomunikasi Indonesia’s shares fell to a new 52-week low of $13.23, below its 50-day and 200-day moving averages of $14.65 and $15.89, respectively.
• Analyst sentiment is broadly negative: Zacks Research downgraded the stock to “strong sell,” Weiss Ratings maintained a sell rating, and MarketBeat reports an average “Sell” rating, despite one analyst upgrade to “Buy.”
• The company has a $13.1 billion market capitalization, a P/E ratio of 12.71 and low debt-to-equity of 0.20; several small investment firms have recently initiated or increased positions.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report)'s share price hit a new 52-week low during trading on Monday. The company traded as low as $13.23 and last traded at $13.23, with a volume of 129714 shares. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TLK shares. Wall Street Zen raised PT Telekomunikasi Indonesia, Tbk from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Zacks Research lowered PT Telekomunikasi Indonesia, Tbk from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings cut PT Telekomunikasi Indonesia, Tbk from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

PT Telekomunikasi Indonesia, Tbk Price Performance

The company's fifty day moving average price is $14.65 and its two-hundred day moving average price is $15.89. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.20. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.88 and a beta of 0.35.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Large investors have recently added to or reduced their stakes in the company. Ballast Advisors LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter valued at about $48,000. MidFirst Bank bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the fourth quarter worth about $54,000. GAMMA Investing LLC grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 28.2% during the second quarter. GAMMA Investing LLC now owns 4,140 shares of the utilities provider's stock worth $56,000 after buying an additional 910 shares in the last quarter. Assetmark Inc. raised its position in PT Telekomunikasi Indonesia, Tbk by 24.7% in the 1st quarter. Assetmark Inc. now owns 3,716 shares of the utilities provider's stock valued at $69,000 after buying an additional 737 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in PT Telekomunikasi Indonesia, Tbk by 33.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider's stock valued at $87,000 after buying an additional 1,167 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is an Indonesian telecommunications and information technology company. Through its subsidiaries and business units, the company provides fixed-line and mobile communications, broadband internet, network connectivity, and digital services to consumers, businesses, and government customers.

Telkom's consumer offerings include mobile voice and data services, fixed broadband, pay television, and related digital products.

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