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 stock 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 firm has a market cap of $14.67 billion, a PE ratio of 11.31, a PEG ratio of 1.58 and a beta of 0.78. The firm’s 50 day simple moving average is $16.75 and its 200 day simple moving average is $18.26. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14.

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

Several institutional investors have recently added to or reduced their stakes in the company. Northcape Capital Pty Ltd grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the fourth quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock valued at $8,716,000 after buying an additional 77,655 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 last quarter. DGS Capital Management LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 57.6% in the 3rd quarter. DGS Capital Management LLC now owns 57,386 shares of the utilities provider’s stock valued at $1,135,000 after buying an additional 20,982 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.1% in the third quarter. Sanctuary Advisors LLC now owns 42,484 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 10,070 shares during the last quarter. Finally, TD Private Client Wealth LLC increased 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 valued at $96,000 after buying an additional 1,165 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.