Russell Investments Group Ltd. cut its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 18.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 899,439 shares of the utilities provider’s stock after selling 206,198 shares during the period. Russell Investments Group Ltd. owned about 0.09% of PT Telekomunikasi Indonesia, Tbk worth $30,284,000 as of its most recent filing with the SEC.

Separately, Deltec Asset Management LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 4.3% in the second quarter. Deltec Asset Management LLC now owns 53,900 shares of the utilities provider’s stock valued at $1,815,000 after buying an additional 2,200 shares during the period. 5.80% of the stock is owned by hedge funds and other institutional investors.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) opened at 35.32 on Monday. The firm has a 50-day moving average price of $34.64 and a 200 day moving average price of $32.03. The stock has a market cap of $34.99 billion, a PE ratio of 22.07 and a beta of 0.59. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $27.17 and a 12-month high of $35.97.

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Several analysts have commented on the company. BidaskClub upgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) upgraded PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “conviction-buy” rating in a report on Friday, April 28th.

PT Telekomunikasi Indonesia, Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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