Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up - Here's What Happened

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $18.53, but opened at $19.00. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $19.03, with a volume of 94,518 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a "hold" rating to a "buy" rating in a report on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 2.0 %

The firm's 50-day simple moving average is $19.22 and its 200 day simple moving average is $19.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66. The stock has a market capitalization of $17.02 billion, a P/E ratio of 11.77, a PEG ratio of 1.46 and a beta of 0.77.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) last released its earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $2.35 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.39% and a net margin of 15.65%. As a group, research analysts expect that Perusahaan Perseroan will post 1.69 EPS for the current year.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several large investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider's stock worth $26,000 after acquiring an additional 660 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at about $40,000. CWM LLC raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider's stock valued at $70,000 after purchasing an additional 613 shares during the period. BNP Paribas Financial Markets lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider's stock valued at $152,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Ascent Group LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter worth about $210,000.

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.