Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 0.6 %

Shares of TLK stock traded up $0.16 during mid-day trading on Monday, reaching $26.19. The stock had a trading volume of 186,664 shares, compared to its average volume of 317,107. The stock's 50-day moving average price is $24.56 and its two-hundred day moving average price is $27.31. Perusahaan Perseroan has a 52-week low of $23.02 and a 52-week high of $33.21. The firm has a market capitalization of $23.59 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21.

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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK – Get Rating) last released its quarterly earnings data on Friday, October 28th. The utilities provider reported $0.23 earnings per share (EPS) 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 firm had revenue of $2.58 billion for the quarter. Equities analysts expect that Perusahaan Perseroan will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,825,933 shares of the utilities provider's stock valued at $91,249,000 after acquiring an additional 287,217 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 41,606 shares of the utilities provider's stock valued at $993,000 after buying an additional 3,937 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 30.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,009 shares of the utilities provider's stock valued at $263,000 after buying an additional 2,589 shares during the period. Ronald Blue Trust Inc. increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 47.3% during the fourth quarter. Ronald Blue Trust Inc. now owns 4,763 shares of the utilities provider's stock valued at $137,000 after buying an additional 1,530 shares during the period. Finally, Northcape Capital Pty Ltd increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.9% during the fourth quarter. Northcape Capital Pty Ltd now owns 487,006 shares of the utilities provider's stock valued at $11,615,000 after buying an additional 43,752 shares during the period. Hedge funds and other institutional investors own 4.04% of the company's stock.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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PT Telkom Indonesia (Persero) Tbk is a holding company, which engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, SMS, value added services and, mobile broadband.

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