Raymond James & Associates Acquires 13,694 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Raymond James & Associates raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 34.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,894 shares of the utilities provider’s stock after buying an additional 13,694 shares during the quarter. Raymond James & Associates’ holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,388,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 372,213 shares of the utilities provider’s stock worth $8,970,000 after buying an additional 47,788 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 44.9% in the 3rd quarter. Citigroup Inc. now owns 221,001 shares of the utilities provider’s stock valued at $5,326,000 after purchasing an additional 68,438 shares during the period. Van ECK Associates Corp lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.9% in the 3rd quarter. Van ECK Associates Corp now owns 82,230 shares of the utilities provider’s stock valued at $1,982,000 after purchasing an additional 9,416 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 169,357 shares of the utilities provider’s stock valued at $4,082,000 after purchasing an additional 3,610 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 101.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 33,919 shares of the utilities provider’s stock valued at $817,000 after purchasing an additional 17,083 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Saturday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 0.6 %

TLK opened at $19.66 on Friday. The stock has a market cap of $17.71 billion, a PE ratio of 11.63, a PEG ratio of 0.94 and a beta of 0.72. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $23.81 and a 200-day moving average of $24.28. Perusahaan Perseroan has a 52 week low of $19.47 and a 52 week high of $29.44.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its earnings results on Friday, March 22nd. The utilities provider reported $0.33 EPS for the quarter. The company had revenue of $2.43 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. Equities research analysts predict that Perusahaan Perseroan will post 1.68 earnings per share for the current fiscal 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.