Sequoia Financial Advisors LLC Grows Stake in PT Telekomunikasi Indonesia, Tbk $TLK

Sequoia Financial Advisors LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 202.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,517 shares of the utilities provider’s stock after purchasing an additional 29,789 shares during the period. Sequoia Financial Advisors LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the second quarter valued at about $25,000. First Horizon Corp purchased a new position in PT Telekomunikasi Indonesia, Tbk during the 3rd quarter valued at about $26,000. Smartleaf Asset Management LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in 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 in the last quarter. Hantz Financial Services Inc. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the 2nd 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. Finally, Allworth Financial LP lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,032.4% in the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,199 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Wednesday. One equities 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 a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Down 1.5%

Shares of TLK opened at $22.46 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.15 and a 12 month high of $22.95. The stock has a fifty day moving average price of $21.49 and a 200-day moving average price of $19.83.

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