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 Thursday with two million shares changing hands. It is currently at five times its average daily volume and trading up 69 cents (+2%) at $35.05 as of 3:45 p.m. ET.

P.T. Telekomunikasi Indonesia Tbk has a market cap of $16.9 billion and is part of the technology sector and telecommunications industry. Shares are up 11.8% year to date as of the close of trading on Wednesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. The company has a P/E ratio of 12.8, below the average telecommunications industry P/E ratio of 14.1 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 expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full P.T. Telekomunikasi Indonesia Tbk Ratings Report.

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