Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Down – Here’s What Happened

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $16.78, but opened at $16.29. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $16.14, with a volume of 106,297 shares traded.

Analyst Upgrades and Downgrades

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 Trading Down 3.5 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70. The business’s 50 day moving average price is $16.83 and its 200-day moving average price is $18.29. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.58 and a beta of 0.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the second quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock worth $5,921,000 after acquiring an additional 230,613 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter valued at approximately $2,163,000. State of New Jersey Common Pension Fund D grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 67.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 284,588 shares of the utilities provider’s stock worth $5,629,000 after buying an additional 114,209 shares during the last quarter. Van ECK Associates Corp grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 127.3% during the 3rd quarter. Van ECK Associates Corp now owns 198,504 shares of the utilities provider’s stock worth $3,710,000 after buying an additional 111,162 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% in the third quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock valued at $7,090,000 after buying an additional 73,322 shares during 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.