DGS Capital Management LLC Buys 20,982 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

DGS Capital Management LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 57.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,386 shares of the utilities provider’s stock after purchasing an additional 20,982 shares during the period. DGS Capital Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,135,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TLK. UMB Bank n.a. lifted its holdings 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 buying an additional 660 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 1,165 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% during the second quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 1,560 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.6% in the third quarter. Orion Portfolio Solutions LLC now owns 12,660 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 2,497 shares during the last quarter. Finally, First Affirmative Financial Network acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the third quarter worth about $252,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE TLK traded down $0.35 during trading on Friday, reaching $16.92. 36,751 shares of the stock traded hands, compared to its average volume of 388,633. The stock’s 50-day moving average price is $17.69 and its 200 day moving average price is $18.46. Perusahaan Perseroan has a fifty-two week low of $15.78 and a fifty-two week high of $26.85. 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

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.