Fifth Third Bancorp Has $1.03 Million Position in PT Telekomunikasi Indonesia, Tbk $TLK

Fifth Third Bancorp cut its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,627 shares of the utilities provider’s stock after selling 1,163 shares during the period. Fifth Third Bancorp’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,027,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 1,577 shares during the period. Farther Finance Advisors LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 541.8% during the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 2,660 shares during the period. Assetmark Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 1,368.7% during the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider’s stock worth $55,000 after buying an additional 3,449 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in PT Telekomunikasi Indonesia, Tbk by 37.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock valued at $65,000 after buying an additional 1,210 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in PT Telekomunikasi Indonesia, Tbk by 17.8% in the 1st quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider’s stock valued at $85,000 after buying an additional 872 shares during the period.

Analysts Set New Price Targets

Separately, New Street Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has an average rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

PT Telekomunikasi Indonesia, Tbk stock opened at $18.87 on Monday. The stock has a market cap of $18.69 billion, a PE ratio of 13.19, a P/E/G ratio of 4.15 and a beta of 0.66. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $20.98. The business’s 50-day moving average price is $18.96 and its two-hundred day moving average price is $16.97.

About PT Telekomunikasi Indonesia, Tbk

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.