Van ECK Associates Corp grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 127.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,504 shares of the utilities provider's stock after purchasing an additional 111,162 shares during the quarter. Van ECK Associates Corp's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $3,710,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TLK. UMB Bank n.a. grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider's stock worth $26,000 after purchasing an additional 660 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider's stock worth $152,000 after acquiring an additional 1,011 shares during the last quarter. Ascent Group LLC acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter worth about $210,000. First Affirmative Financial Network acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter worth about $252,000. Finally, Ballentine Partners LLC grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% during the 2nd quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider's stock valued at $243,000 after purchasing an additional 1,560 shares during the last quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a "hold" rating to a "buy" rating in a report on Friday, October 4th.
Read Our Latest Analysis on TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance
Shares of TLK stock traded down $0.09 during trading hours on Friday, hitting $17.30. The company's stock had a trading volume of 388,135 shares, compared to its average volume of 310,268. Perusahaan Perseroan has a 12-month low of $16.62 and a 12-month high of $26.85. The company has a 50 day moving average of $19.21 and a 200 day moving average of $18.83. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile
(
Free Report)
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.
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