Stifel Financial Corp Has $473,000 Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Stifel Financial Corp lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 40.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,889 shares of the utilities provider’s stock after buying an additional 6,858 shares during the period. Stifel Financial Corp’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TLK. Renaissance Technologies LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% in the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after buying an additional 14,600 shares in the last quarter. American Century Companies Inc. grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after buying an additional 33,360 shares during the period. Oldfield Partners LLP increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock valued at $8,692,000 after purchasing an additional 64,429 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% in the 3rd quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock valued at $7,090,000 after buying an additional 73,322 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% during the second quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock worth $5,921,000 after purchasing an additional 230,613 shares during the period.

Wall Street Analysts Forecast Growth

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of TLK stock opened at $16.59 on Friday. 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 company has a fifty day moving average price of $17.10 and a two-hundred day moving average price of $18.31. The stock has a market cap of $14.94 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.58 and a beta of 0.78. Perusahaan Perseroan has a one year low of $15.35 and a one year high of $26.85.

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.