NewEdge Wealth LLC Makes New Investment in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

NewEdge Wealth LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,903 shares of the utilities provider’s stock, valued at approximately $204,000.

A number of other institutional investors have also added to or reduced their stakes in TLK. JPMorgan Chase & Co. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 244.8% during the first quarter. JPMorgan Chase & Co. now owns 27,753 shares of the utilities provider’s stock valued at $886,000 after acquiring an additional 19,705 shares in the last quarter. Raymond James & Associates increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.5% in the 1st quarter. Raymond James & Associates now owns 48,152 shares of the utilities provider’s stock worth $1,538,000 after buying an additional 1,609 shares in the last quarter. HighTower Advisors LLC increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 9,738 shares of the utilities provider’s stock worth $312,000 after buying an additional 354 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter worth about $364,000. Finally, Citigroup Inc. increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.8% in the 1st quarter. Citigroup Inc. now owns 99,105 shares of the utilities provider’s stock worth $3,165,000 after buying an additional 7,152 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a report on Friday, April 12th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE:TLK opened at $19.77 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.78 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $23.93 and its two-hundred day simple moving average is $24.31. Perusahaan Perseroan has a 52-week low of $19.51 and a 52-week high of $29.44.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $2.43 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. As a group, equities analysts forecast that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

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.