Pt Xl Axiata Tbk traded at 1,815.00 this Friday October 16th, decreasing 315.00 or 14.79 percent since the previous trading session. Looking back, over the last four weeks, Pt Xl Axiata Tbk lost 29.65 percent. Over the last 12 months, its price fell by 25.00 percent. Looking ahead, we forecast Pt Xl Axiata Tbk to be priced at 2,241.95 by the end of this quarter and at 1,971.78 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT XL Axiata Tbk is an Indonesia-based telecommunications company. The Company is engaged in the provision of mobile phone services and offering various types of telecommunication products and services such as voice, short message service (SMS), data and other value-added mobile telecommunication services. In addition, it also provides leased lines, rental of telecommunication towers, Internet service provider and national roaming service. The Company has three subsidiaries, namely GSM One (L) Ltd., GSM Two (L) Ltd., and Excelcomindo Finance Company B. V. On April 8, 2014, the Company announced that its merger with PT Axis Telekom Indonesia has been completed, with the Company as the surviving entity.