DAVENPORT & Co LLC Has $941,000 Stock Position in PT Telekomunikasi Indonesia, Tbk $TLK

DAVENPORT & Co LLC increased its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,529 shares of the utilities provider’s stock after acquiring an additional 3,532 shares during the quarter. DAVENPORT & Co LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $941,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TLK. GAMMA Investing LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 958.2% in the 1st quarter. GAMMA Investing LLC now owns 15,937 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 14,431 shares during the period. Farther Finance Advisors LLC grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 541.8% in the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 2,660 shares during the last quarter. Fifth Third Bancorp grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 1.2% in the first quarter. Fifth Third Bancorp now owns 61,790 shares of the utilities provider’s stock valued at $913,000 after purchasing an additional 706 shares during the last quarter. Blue Trust Inc. boosted its stake in PT Telekomunikasi Indonesia, Tbk by 630.5% during the 1st quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 6,708 shares during the period. Finally, Manning & Napier Advisors LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 2.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 116,852 shares of the utilities provider’s stock valued at $1,726,000 after purchasing an additional 2,300 shares during the period.

Analyst Ratings Changes

Several analysts recently weighed in on TLK shares. Weiss Ratings restated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Wednesday. New Street Research lowered PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Price Performance

NYSE:TLK opened at $18.32 on Friday. The company has a 50-day moving average of $19.17 and a 200-day moving average of $17.21. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 4.00 and a beta of 0.61. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.15 and a 52 week high of $20.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

About 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.