PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $19.31, but opened at $20.16. PT Telekomunikasi Indonesia, Tbk shares last traded at $20.36, with a volume of 391,882 shares traded.
Wall Street Analyst Weigh In
Separately, New Street Research lowered PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th.
Get Our Latest Report on TLK
PT Telekomunikasi Indonesia, Tbk Stock Performance
The company has a market cap of $19.83 billion, a P/E ratio of 14.00, a PEG ratio of 4.42 and a beta of 0.63. The company has a 50 day moving average price of $17.30 and a 200-day moving average price of $16.12. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.
PT Telekomunikasi Indonesia, Tbk Increases Dividend
The company also recently announced an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were paid a dividend of $1.3038 per share. This is an increase from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. This represents a yield of 580.0%. The ex-dividend date of this dividend was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio (DPR) is 73.43%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk in the 2nd quarter valued at $25,000. Smartleaf Asset Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider's stock worth $37,000 after purchasing an additional 921 shares in the last quarter. Allworth Financial LP raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 1,032.4% during the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider's stock worth $41,000 after purchasing an additional 2,199 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 2,266 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in PT Telekomunikasi Indonesia, Tbk by 146.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider's stock valued at $45,000 after buying an additional 1,577 shares during the last quarter.
PT Telekomunikasi Indonesia, Tbk Company Profile
(
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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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