Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Hits New 1-Year Low – Should You Sell?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.28 and last traded at $16.29, with a volume of 74709 shares. The stock had previously closed at $16.86.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. The stock’s 50 day moving average price is $19.09 and its 200 day moving average price is $18.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the first quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 1,011 shares in the last quarter. Sei Investments Co. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% in the 1st quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock valued at $8,435,000 after acquiring an additional 5,162 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 21.0% during the 1st quarter. Orion Portfolio Solutions LLC now owns 52,015 shares of the utilities provider’s stock valued at $1,158,000 after acquiring an additional 9,028 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 33.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 130,118 shares of the utilities provider’s stock worth $2,896,000 after acquiring an additional 32,417 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% in the first quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock worth $625,000 after purchasing an additional 14,860 shares during the period.

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.