Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) Trading Up 6.2%

Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE:TLK) shares were up 6.2% on Thursday . The stock traded as high as $18.53 and last traded at $18.45. Approximately 331,395 shares were traded during trading, an increase of 19% from the average daily volume of 277,496 shares. The stock had previously closed at $17.37.

Separately, Deutsche Bank lowered shares of Telekomnks Indn Prsr Tbk Prshn Prsrn from a “buy” rating to a “hold” rating in a research report on Friday, July 3rd.

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.65 and a quick ratio of 0.64. The firm’s 50-day simple moving average is $19.44 and its two-hundred day simple moving average is $20.47. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 13.98 and a beta of 0.51.

Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) last announced its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Telekomnks Indn Prsr Tbk Prshn Prsrn had a net margin of 15.51% and a return on equity of 17.42%. The company had revenue of $2.39 billion for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in TLK. Bank of New York Mellon Corp lifted its holdings in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 415,517 shares of the utilities provider’s stock valued at $7,998,000 after purchasing an additional 36,723 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 2.5% in the first quarter. Parametric Portfolio Associates LLC now owns 586,812 shares of the utilities provider’s stock valued at $11,296,000 after purchasing an additional 14,402 shares in the last quarter. FDx Advisors Inc. purchased a new stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn in the first quarter valued at about $73,000. Balentine LLC purchased a new stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn in the second quarter valued at about $65,000. Finally, Ninety One UK Ltd lifted its holdings in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 9.8% in the second quarter. Ninety One UK Ltd now owns 24,954 shares of the utilities provider’s stock valued at $546,000 after purchasing an additional 2,228 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Telekomnks Indn Prsr Tbk Prshn Prsrn Company Profile (NYSE:TLK)

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.

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