First Affirmative Financial Network Increases Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

First Affirmative Financial Network raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 7.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,720 shares of the utilities provider’s stock after buying an additional 972 shares during the period. First Affirmative Financial Network’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $226,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TLK. Bank of Montreal Can boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 120,089 shares of the utilities provider’s stock valued at $2,250,000 after acquiring an additional 2,494 shares during the last quarter. Millennium Management LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock valued at $5,921,000 after purchasing an additional 230,613 shares during the last quarter. Creative Planning boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.9% in the 2nd quarter. Creative Planning now owns 59,363 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 30,812 shares during the last quarter. Maven Securities LTD grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 152.7% in the 2nd quarter. Maven Securities LTD now owns 26,785 shares of the utilities provider’s stock valued at $501,000 after buying an additional 16,185 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter worth approximately $616,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE TLK opened at $16.30 on Friday. The stock has a fifty day simple moving average of $16.68 and a 200-day simple moving average of $18.05. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The stock has a market cap of $16.14 billion, a PE ratio of 11.32, a P/E/G ratio of 1.45 and a beta of 0.78. Perusahaan Perseroan has a twelve month low of $15.35 and a twelve month high of $26.85.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share for the quarter. The company had revenue of $2.34 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.12% and a return on equity of 14.86%. Equities analysts anticipate that Perusahaan Perseroan will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.