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 research note on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 1.4 %

The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The firm has a market cap of $14.67 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.58 and a beta of 0.78. The company has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $18.26.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northcape Capital Pty Ltd raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the fourth quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock worth $8,716,000 after acquiring an additional 77,655 shares during the period. GAMMA Investing LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% during the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 643 shares in the last quarter. DGS Capital Management LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 57.6% during the third quarter. DGS Capital Management LLC now owns 57,386 shares of the utilities provider’s stock worth $1,135,000 after purchasing 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 valued at $840,000 after purchasing an additional 10,070 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the third 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.