Wipfli Financial Advisors LLC Purchases New Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Wipfli Financial Advisors LLC purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Rating) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,080 shares of the utilities provider’s stock, valued at approximately $31,000.

Several other hedge funds have also bought and sold shares of the business. Renaissance Technologies LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,570,414 shares of the utilities provider’s stock valued at $123,584,000 after purchasing an additional 136,800 shares during the period. Allspring Global Investments Holdings LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,550,616 shares of the utilities provider’s stock valued at $96,008,000 after purchasing an additional 60,750 shares during the period. Wellington Management Group LLP acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at $42,586,000. Martin Currie Ltd. grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.1% in the 2nd quarter. Martin Currie Ltd. now owns 744,959 shares of the utilities provider’s stock valued at $20,143,000 after purchasing an additional 22,086 shares during the period. Finally, Bank of America Corp DE grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.4% in the 1st quarter. Bank of America Corp DE now owns 585,828 shares of the utilities provider’s stock valued at $18,717,000 after purchasing an additional 19,172 shares during the period. Institutional investors and hedge funds own 4.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Friday, January 13th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.1 %

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $25.57 on Friday. Perusahaan Perseroan has a fifty-two week low of $23.02 and a fifty-two week high of $33.21. The stock has a market cap of $23.03 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The firm’s 50-day simple moving average is $24.56 and its 200 day simple moving average is $27.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.80 and a current ratio of 0.82.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Rating) last released its quarterly earnings results on Friday, October 28th. The utilities provider reported $0.23 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.39% and a return on equity of 15.36%. The business had revenue of $2.58 billion for the quarter. Research analysts predict that Perusahaan Perseroan will post 1.6 EPS for the current fiscal year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

(Get Rating)

PT Telkom Indonesia (Persero) Tbk is a holding company, which engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, SMS, value added services and, mobile broadband.

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Institutional Ownership by Quarter for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

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