Summitry LLC Takes $193,000 Position in PT Telekomunikasi Indonesia, Tbk $TLK

Summitry LLC bought a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,368 shares of the utilities provider’s stock, valued at approximately $193,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cerity Partners LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 142.6% during the 1st quarter. Cerity Partners LLC now owns 81,784 shares of the utilities provider’s stock valued at $1,208,000 after purchasing an additional 48,073 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% in the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,210 shares in the last quarter. Choreo LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 6.5% during the first quarter. Choreo LLC now owns 38,459 shares of the utilities provider’s stock valued at $568,000 after buying an additional 2,336 shares during the last quarter. Advisors Preferred LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk during the 1st quarter valued at approximately $516,000. Finally, One Wealth Advisors LLC purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth approximately $267,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

NYSE TLK opened at $20.97 on Monday. The business’s 50 day moving average price is $19.42 and its 200-day moving average price is $18.15. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $21.36. The company has a market cap of $20.77 billion, a P/E ratio of 14.66, a P/E/G ratio of 3.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). PT Telekomunikasi Indonesia, Tbk had a return on equity of 14.72% and a net margin of 15.49%.The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $38,172.05 billion. Sell-side analysts predict that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

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.