Citigroup Inc. Increases Stock Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Citigroup Inc. increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 24.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,810 shares of the utilities provider’s stock after purchasing an additional 42,304 shares during the period. Citigroup Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $4,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TLK. UMB Bank n.a. raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the second quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 660 shares during the period. Ballentine Partners LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% in the 2nd quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock worth $243,000 after buying an additional 1,560 shares in the last quarter. First Affirmative Financial Network acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter worth $252,000. Caprock Group LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 3rd quarter valued at $253,000. Finally, Blue Trust Inc. grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 50.5% in the 2nd quarter. Blue Trust Inc. now owns 13,805 shares of the utilities provider’s stock valued at $258,000 after buying an additional 4,634 shares during the last quarter.

Analyst Ratings Changes

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 5.1 %

TLK opened at $17.60 on Wednesday. Perusahaan Perseroan has a fifty-two week low of $15.78 and a fifty-two week high of $26.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $18.05 and a 200 day simple moving average of $18.52.

Perusahaan Perseroan (Persero) 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.