BNP Paribas Financial Markets Reduces Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

BNP Paribas Financial Markets lessened its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 67.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,029 shares of the utilities provider’s stock after selling 18,800 shares during the quarter. BNP Paribas Financial Markets’ holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 660 shares during the last quarter. Ballentine Partners LLC grew 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 purchasing an additional 1,560 shares during the period. First Affirmative Financial Network purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter valued at $252,000. Caprock Group LLC bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 3rd quarter valued at $253,000. Finally, Marks Group Wealth Management Inc boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 21.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 15,423 shares of the utilities provider’s stock worth $305,000 after buying an additional 2,698 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK opened at $16.37 on Wednesday. The company’s 50 day moving average is $17.56 and its 200 day moving average is $18.44. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.58 and a beta of 0.78. Perusahaan Perseroan has a 12-month low of $15.78 and a 12-month high of $26.85.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 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.