UBS Group AG Grows Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

UBS Group AG increased its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 390,688 shares of the utilities provider’s stock after buying an additional 66,714 shares during the period. UBS Group AG’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $8,224,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TLK. Royal Bank of Canada raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 20.7% in the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock valued at $5,416,000 after purchasing an additional 62,882 shares in the last quarter. Millennium Management LLC grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after buying an additional 402,344 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 271.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock valued at $2,151,000 after buying an additional 106,481 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 136.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,511 shares of the utilities provider’s stock valued at $59,000 after buying an additional 2,023 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 2nd quarter valued at about $513,000.

PT Telekomunikasi Indonesia, Tbk Price Performance

NYSE TLK opened at $16.56 on Monday. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $15.63 and a 52 week high of $23.51. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36. The company has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $20.08.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its earnings results on Wednesday, May 20th. The utilities provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.42 by $0.65. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

TLK has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Zacks Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of “Sell”.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.