P.T. Telekomunikasi Indonesia Tbk Rises On Unusually High Volume (TLK)

NEW YORK ( TheStreet) -- P.T. Telekomunikasi Indonesia Tbk (NYSE: TLK) is trading at unusually high volume Friday with 927,052 shares changing hands. It is currently at four times its average daily volume and trading up 75 cents (+2.5%) at $31.23 as of 3 p.m. ET.

P.T. Telekomunikasi Indonesia Tbk has a market cap of $15.26 billion and is part of the technology sector and telecommunications industry. Shares are down 0.8% year to date as of the close of trading on Thursday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunication and network services worldwide. The company has a P/E ratio of 11.3, below the average telecommunications industry P/E ratio of 25.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates P.T. Telekomunikasi Indonesia Tbk as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full P.T. Telekomunikasi Indonesia Tbk Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.