Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Large Volume Increase - Still a Buy?

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,033,727 shares changed hands during trading, an increase of 166% from the previous session's volume of 389,123 shares.The stock last traded at $16.67 and had previously closed at $16.83.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 2.0 %

The company has a market cap of $14.86 billion, a P/E ratio of 11.69, a PEG ratio of 1.58 and a beta of 0.78. 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 business's 50 day moving average price is $17.65 and its 200-day moving average price is $18.46.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider's stock worth $26,000 after buying an additional 660 shares in the last quarter. TD Private Client Wealth LLC increased its position in 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 worth $96,000 after purchasing an additional 1,165 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider's stock worth $250,000 after purchasing an additional 2,497 shares during the last quarter. First Affirmative Financial Network acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter worth approximately $252,000. Finally, Caprock Group LLC bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the third quarter worth approximately $253,000.

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.

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