Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKFree Report) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 62,812 shares of the utilities provider’s stock after selling 1,820 shares during the period. Fifth Third Bancorp’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 120.2% during the first quarter. BNP Paribas Arbitrage SA now owns 784 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 428 shares during the last quarter. Credit Suisse AG increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 121.4% during the third quarter. Credit Suisse AG now owns 870 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 477 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 118.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,618 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 1,418 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter worth about $102,000. Finally, BNP Paribas Arbitrage SNC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 6.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 6,316 shares of the utilities provider’s stock worth $182,000 after acquiring an additional 406 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 1.4 %

TLK stock opened at $21.38 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Perusahaan Perseroan has a 1 year low of $21.37 and a 1 year high of $29.58. The stock has a 50-day simple moving average of $25.02 and a 200-day simple moving average of $24.59.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Free Report) last posted its earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.80% and a net margin of 16.52%. The business had revenue of $2.43 billion during the quarter. Sell-side analysts forecast that Perusahaan Perseroan will post 1.68 EPS for the current year.

Analysts Set New Price Targets

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

View Our Latest Analysis on TLK

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company 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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Institutional Ownership by Quarter for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

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