Blue Trust Inc. Has $681,000 Stock Position in PT Telekomunikasi Indonesia, Tbk $TLK

Blue Trust Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 338.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,168 shares of the utilities provider’s stock after acquiring an additional 27,914 shares during the quarter. Blue Trust Inc.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 921 shares during the last quarter. Hantz Financial Services Inc. boosted its position in PT Telekomunikasi Indonesia, Tbk by 1,258.9% during the second quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,266 shares during the period. Allworth Financial LP increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,032.4% in the second quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,199 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% in the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,577 shares during the period.

Analysts Set New Price Targets

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

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $21.24 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.39. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $22.39. The company has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $19.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its earnings results on Monday, December 1st. The utilities provider reported ($0.01) EPS for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%.The business had revenue of ($4,514.03) million for the quarter. Analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current year.

PT Telekomunikasi Indonesia, Tbk Profile

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.