Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE TLK opened at $25.08 on Friday. Perusahaan Perseroan has a fifty-two week low of $23.02 and a fifty-two week high of $33.21. The company has a 50 day simple moving average of $24.70 and a two-hundred day simple moving average of $27.38. The company has a market capitalization of $22.59 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.40 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.80 and a current ratio of 0.82.

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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) last announced its earnings results on Friday, October 28th. The utilities provider reported $0.23 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.39% and a return on equity of 15.36%. The business had revenue of $2.58 billion during the quarter. Analysts expect that Perusahaan Perseroan will post 1.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider's stock valued at $25,000 after buying an additional 428 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.4% during the third quarter. Credit Suisse AG now owns 870 shares of the utilities provider's stock valued at $25,000 after buying an additional 477 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter valued at approximately $31,000. Pittenger & Anderson Inc. purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter valued at approximately $31,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 56.7% during the third quarter. Rockefeller Capital Management L.P. now owns 1,200 shares of the utilities provider's stock valued at $34,000 after buying an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 4.04% of the company's stock.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The company's Mobile segment offers mobile voice, SMS, and mobile broadband services; and digital services, including financial services, video on demand, music, gaming, IoT, big data analytics, and digital advertising services.

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