19,243 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Purchased by Ascent Group LLC

Ascent Group LLC acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,243 shares of the utilities provider’s stock, valued at approximately $326,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TLK. Weiss Ratings reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Saturday, September 27th. New Street Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of NYSE TLK opened at $18.38 on Wednesday. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.15 and a 12 month high of $20.98. The company has a 50-day simple moving average of $19.13 and a 200-day simple moving average of $17.15. The company has a market cap of $18.20 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 4.01 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70.

PT Telekomunikasi Indonesia, Tbk Company 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.