Zacks upgrades Telkom Indonesia stock to Hold

Published on 10/14/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zacks moved Telkom Indonesia from Strong Sell to Hold on October 10, 2026. TLK stock costs EUR 11.25 on October 14, 2026.

Rating and restructuring milestones

Zacks Research moved Telkom Indonesia from Strong Sell to Hold in a report dated October 10, 2026.
Telkom Indonesia had streamlined 24 of 50 subsidiaries by the first half of 2026.
Telkom Indonesia stock was trading at EUR 11.25 at 12:50 p.m. CEST at Lang & Schwarz on October 14, 2026.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia (ISIN US7156841063) was upgraded from Strong Sell to Hold by Zacks Research, according to MarketBeat in a report dated October 10, 2026. The change leaves the broader consensus at Reduce, with one Hold rating and one Sell rating reported in the same coverage update.

Three milestones shape the story

On September 30, 2026, Telkom Indonesia approved an InfraCo spin-off and management changes, with the transaction covering 112,000 kilometers of fiber networks and a reported value of IDR 85.7 trillion, according to Telkom Indonesia.

Telkom Indonesia's first-half 2026 operating picture showed revenue rising 3.90 percent year over year to IDR 75.90 trillion, while normalized net profit increased 6.00 percent to IDR 11.30 trillion, according to StocksBNB on October 7, 2026. The report also cited a 49.40 percent EBITDA margin and mobile average revenue per user of IDR 45,600 for the period.

What does restructuring change?

By the first half of 2026, Telkom Indonesia had completed streamlining at 24 of 50 subsidiaries, leaving 26 entities in the program, according to Poskota on October 12, 2026. Management is organizing the group around B2C, B2B infrastructure, B2B information and communications technology, and international operations.

The restructuring gives the rating change a measurable operating backdrop: the company is combining portfolio simplification with higher-margin digital infrastructure. The first-half report cited 49.90 megawatts of effective data-center capacity and a 49.40 percent EBITDA margin, making execution of the remaining subsidiary changes a central operating question.

Results date and market value

Telkom Indonesia is estimated to report its next results before the market opens on October 29, 2026, according to MarketBeat. The same page lists consensus earnings per share of USD 0.3348 and expected revenue of USD 2.13 billion for the upcoming quarter.

Telkom Indonesia stock was trading at EUR 11.25 at Lang & Schwarz on October 14, 2026 at 12:50 p.m. CEST. The US listing is NYSE:TLK, and MarketBeat reported a market capitalization of USD 12.72 billion and a 52-week range of USD 12.38 to USD 23.51 in its October 10, 2026 rating update. The further course of trading is shown by the continuously updated real-time quote of Telkom Indonesia stock.