Weiss Ratings Reiterates Sell (D+) Rating for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for PT Telekomunikasi Indonesia, Tbk (NYSE: TLK), highlighting concerns about the company's stock performance.
• New Street Research has downgraded PT Telekomunikasi Indonesia, Tbk from "strong-buy" to "hold," indicating a shift in analyst sentiment towards caution.
• The stock's current trading price is $18.21, reflecting a decline from its moving averages, with a consensus rating of "Reduce" among analysts.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report)'s stock had its "sell (d+)" rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

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

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock traded down $0.17 during trading hours on Wednesday, reaching $18.21. 420,646 shares of the stock traded hands, compared to its average volume of 658,328. The company has a 50 day moving average price of $19.13 and a 200 day moving average price of $17.15. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 4.01 and a beta of 0.61. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.15 and a one year high of $20.98. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

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 approximately $25,000. Smartleaf Asset Management LLC lifted 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 purchasing an additional 921 shares in the last quarter. Allworth Financial LP lifted 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 purchasing an additional 2,199 shares in the last quarter. Hantz Financial Services Inc. lifted 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 purchasing an additional 2,266 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 1,577 shares in the last quarter.

About PT Telekomunikasi Indonesia, Tbk

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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