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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) shares saw unusually-strong trading volume on Monday . Approximately 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.

Analysts Set New Price Targets

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.58 and a beta of 0.78. The firm’s 50 day moving average price is $17.56 and its 200-day moving average price is $18.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TLK. UMB Bank n.a. raised its stake in shares of 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 buying an additional 660 shares in the last quarter. TD Private Client Wealth LLC raised its position in 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 worth $96,000 after purchasing an additional 1,165 shares in the last quarter. Ballentine Partners LLC boosted its holdings 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 in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 2,497 shares during the period. Finally, First Affirmative Financial Network acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 3rd quarter worth approximately $252,000.

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.