Shares of PT Telekomunikasi Indonesia Tbk (NYSE:TLK) traded today at $30.63, eclipsing its 52-week high. Approximately 61,000 shares have changed hands today, as compared to an average 30-day volume of 204,000 shares.
In the past 52 weeks, PT Telekomunikasi Indonesia Tbk share prices are bracketed by a low of $20.44 and a high of $30.63 and is now at $30.54, 49% above that low price.
PT Telkom Indonesia (Persero) Tbk is the largest integrated telecommunications provider in Indonesia. It is the principal provider of fixed-line services in Indonesia, and its 65%-owned subsidiary, Telkomsel, is the largest wireless carrier in the country, with about 48% market share. The company services about 70 million customers in the fixed-line and wireless markets, combined. Singapore Telecom, Singapore’s leading telecommunications provider, owns the remaining 35% of Telkomsel.
Based on a current price of $30.54, PT Telekomunikasi Indonesia Tbk is currently 15.5% above its average consensus analyst price target of $25.82.
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