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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)’s share price gapped down before the market opened 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.

Analysts Set New Price Targets

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 Price Performance

The company’s 50-day moving average is $16.83 and its 200-day moving average is $18.29. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.58 and a beta of 0.78. 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 hedge funds have recently bought and sold shares of TLK. GAMMA Investing LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% during the 4th quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 643 shares during the period. Saturna Capital Corp raised its holdings 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 valued at $1,657,000 after buying an additional 782 shares during the period. TD Private Client Wealth LLC lifted its position in 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 acquiring 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% in the 2nd quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock worth $243,000 after acquiring an additional 1,560 shares during the period. Finally, Bank of Montreal Can grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.1% in the second quarter. Bank of Montreal Can now owns 120,089 shares of the utilities provider’s stock valued at $2,250,000 after acquiring an additional 2,494 shares in 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.