Barometer Capital Management Inc. Has $4.20 Million Position in PT Telekomunikasi Indonesia, Tbk $TLK

Barometer Capital Management Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 102.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,200 shares of the utilities provider’s stock after buying an additional 113,000 shares during the period. Barometer Capital Management Inc.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $4,201,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Savant Capital LLC grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 4.1% during the third quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock valued at $288,000 after buying an additional 607 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 921 shares during the last quarter. Natixis Advisors LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 1.5% in the 3rd quarter. Natixis Advisors LLC now owns 85,293 shares of the utilities provider’s stock valued at $1,605,000 after acquiring an additional 1,279 shares in the last quarter. First Horizon Corp bought a new position in PT Telekomunikasi Indonesia, Tbk in the 3rd quarter valued at about $26,000. Finally, Raymond James Financial Inc. acquired a new position in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter valued at about $25,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Price Performance

TLK opened at $18.15 on Thursday. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $23.51. The company’s 50-day moving average price is $21.03 and its two-hundred day moving average price is $20.45. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.