Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – Time to Buy?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) shares 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 changing hands.

Analyst Ratings Changes

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

The company’s 50-day simple moving average is $18.19 and its 200-day simple moving average is $18.55. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.60 and a beta of 0.78. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of institutional investors have recently modified their holdings of TLK. UMB Bank n.a. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 660 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after buying an additional 1,165 shares during the period. Ballentine Partners LLC increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% in the 2nd quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 1,560 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 2,497 shares during the period. Finally, First Affirmative Financial Network bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter worth $252,000.

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.