Oldfield Partners LLP Acquires 64,429 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Oldfield Partners LLP boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 17.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 439,424 shares of the utilities provider’s stock after acquiring an additional 64,429 shares during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk makes up approximately 1.8% of Oldfield Partners LLP’s holdings, making the stock its 13th biggest holding. Oldfield Partners LLP’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $8,692,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TLK. UMB Bank n.a. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% in the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 660 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the first quarter valued at $40,000. CWM LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 613 shares during the last quarter. BNP Paribas Financial Markets increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the first quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 1,011 shares during the period. Finally, Ascent Group LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter worth about $210,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.1 %

Shares of TLK stock opened at $19.74 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average price is $19.50 and its two-hundred day moving average price is $19.06. Perusahaan Perseroan has a 52-week low of $16.62 and a 52-week high of $26.85.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 EPS for the quarter. The business had revenue of $2.35 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. As a group, equities analysts forecast that Perusahaan Perseroan will post 1.65 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

About Perusahaan Perseroan (Persero) 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.