Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) Upgraded to Hold at ValuEngine

Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday, November 8th, ValuEngine reports.

NYSE TLK traded up $0.54 on Friday, reaching $28.44. 123,200 shares of the company’s stock traded hands, compared to its average volume of 237,502. Telekomnks Indn Prsr Tbk Prshn Prsrn has a 12 month low of $24.27 and a 12 month high of $31.48. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $29.05 and a 200 day simple moving average of $29.15.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oldfield Partners LLP boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 17.0% during the second quarter. Oldfield Partners LLP now owns 2,325,258 shares of the utilities provider’s stock valued at $67,990,000 after purchasing an additional 338,639 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 19.0% during the second quarter. Quadrant Capital Group LLC now owns 14,631 shares of the utilities provider’s stock valued at $426,000 after purchasing an additional 2,338 shares during the period. Augustine Asset Management Inc. boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 0.7% during the second quarter. Augustine Asset Management Inc. now owns 67,439 shares of the utilities provider’s stock valued at $1,972,000 after purchasing an additional 470 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 380,171 shares of the utilities provider’s stock valued at $11,116,000 after purchasing an additional 4,913 shares during the period. Finally, Thomas White International Ltd. boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 19.9% during the second quarter. Thomas White International Ltd. now owns 208,183 shares of the utilities provider’s stock valued at $6,087,000 after purchasing an additional 34,531 shares during the period. Institutional investors and hedge funds own 4.40% of the company’s stock.

Telekomnks Indn Prsr Tbk Prshn Prsrn Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.

Featured Story: What is a CD ladder?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Telekomnks Indn Prsr Tbk Prshn Prsrn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telekomnks Indn Prsr Tbk Prshn Prsrn and related companies with MarketBeat.com's FREE daily email newsletter.