Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – What’s Next?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $16.75, but opened at $17.26. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $17.63, with a volume of 123,170 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 stock has a market cap of $15.86 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.60 and a beta of 0.78. The company’s fifty day simple moving average is $18.19 and its two-hundred day simple moving average is $18.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69.

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

Large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position 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 buying an additional 660 shares during the last quarter. Saturna Capital Corp raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.9% in the third quarter. Saturna Capital Corp now owns 83,782 shares of the utilities provider’s stock valued at $1,657,000 after purchasing an additional 782 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock valued at $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 worth $243,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.1% in 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 in the last quarter.

About Perusahaan Perseroan (Persero) 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.