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:TLK – Get 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:TLK – Get 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

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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.