Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Strong Trading Volume – Here’s Why

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) shares saw an uptick in trading volume on Monday . 1,033,727 shares were traded during trading, an increase of 166% from the previous session’s volume of 389,123 shares.The stock last traded at $16.67 and had previously closed at $16.83.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 2.0 %

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $14.86 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.58 and a beta of 0.78. The company has a fifty day simple moving average of $17.65 and a two-hundred day simple moving average of $18.46.

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

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 660 shares in the last quarter. Saturna Capital Corp boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.9% during the 3rd quarter. Saturna Capital Corp now owns 83,782 shares of the utilities provider’s stock worth $1,657,000 after buying an additional 782 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,165 shares during the last quarter. Ballentine Partners LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% during the second quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 120,089 shares of the utilities provider’s stock worth $2,250,000 after purchasing an additional 2,494 shares during the last quarter.

Perusahaan Perseroan (Persero) 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.