Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sets New 52-Week Low – Time to Sell?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) hit a new 52-week low during trading on Wednesday . The company traded as low as $15.75 and last traded at $15.75, with a volume of 276786 shares trading hands. The stock had previously closed at $16.37.

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 report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 5.6 %

The firm has a market cap of $13.91 billion, a PE ratio of 10.73, a P/E/G ratio of 1.58 and a beta of 0.78. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $17.56 and its 200-day moving average is $18.44.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DGS Capital Management LLC lifted 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 valued at $1,135,000 after buying an additional 20,982 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.1% during the 3rd 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 period. TD Private Client Wealth LLC increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,165 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% in the third quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 2,497 shares during the period. Finally, Jane Street Group LLC purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter valued at about $338,000.

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.