TLK Stock Summary and Trading Ideas (Telkom Indonesia | NYSE:TLK)

PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. The company is focusing on dividing business into 3 Digital Business Domains namely, digital connectivity, digital platform, and digital services. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services.

Telkom Indonesia trades on the NYSE stock market under the symbol TLK.

As of April 24, 2024, TLK stock price declined to $19.29 with 703,231 million shares trading.

TLK has a beta of 0.61, meaning it tends to be less sensitive to market movements. TLK has a correlation of 0.11 to the broad based SPY ETF.

TLK has a market cap of $19.11 billion. This is considered a Large Cap stock.

In the last 3 years, TLK stock traded as high as $33.21 and as low as $19.24.

The top ETF exchange traded funds that TLK belongs to (by Net Assets): AVEM, TDIV, IDX, AVES, ECOW.

TLK has underperformed the market in the last year with a price return of -28.2% while the SPY ETF gained +24.2%. TLK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.5% and -10.2%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

TLK support price is $19.42 and resistance is $20.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TLK stock will trade within this expected range on the day.