PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• PT Telekomunikasi Indonesia, Tbk's stock price has crossed above its 200-day moving average, with shares last trading at $19.44.
• New Street Research has downgraded the stock from a "strong-buy" to a "hold" rating, reflecting a consensus rating of "hold" among analysts.
• The company has seen significant stake increases from various hedge funds, with Hantz Financial Services Inc. growing its holdings by 1,258.9% in the second quarter.

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 $16.87 and traded as high as $19.55. PT Telekomunikasi Indonesia, Tbk shares last traded at $19.44, with a volume of 339,447 shares changing hands.

Wall Street Analyst Weigh In

Separately, New Street Research cut shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Stock Performance

The company has a market cap of $19.26 billion, a PE ratio of 13.59, a PEG ratio of 4.28 and a beta of 0.66. The business's 50-day moving average is $18.84 and its 200 day moving average is $16.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the 2nd quarter worth $25,000. Smartleaf Asset Management LLC grew its holdings in PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider's stock worth $37,000 after acquiring an additional 921 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in 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 worth $41,000 after acquiring an additional 2,266 shares during the last quarter. Allworth Financial LP grew its holdings in PT Telekomunikasi Indonesia, Tbk by 1,032.4% in the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider's stock worth $41,000 after acquiring an additional 2,199 shares during 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 worth $45,000 after acquiring an additional 1,577 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

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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