PT Telekomunikasi Indonesia, Tbk $TLK Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,938,537 shares of the utilities provider’s stock after selling 256,907 shares during the period. Allspring Global Investments Holdings LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $61,944,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Euro Pacific Asset Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 0.4% during the 4th quarter. Euro Pacific Asset Management LLC now owns 380,194 shares of the utilities provider’s stock worth $8,003,000 after buying an additional 1,498 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 8.1% in the fourth quarter. Kathmere Capital Management LLC now owns 87,022 shares of the utilities provider’s stock valued at $1,832,000 after buying an additional 6,524 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in PT Telekomunikasi Indonesia, Tbk by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 40,763 shares of the utilities provider’s stock worth $767,000 after acquiring an additional 3,276 shares during the period. Morningstar Investment Management LLC acquired a new position in PT Telekomunikasi Indonesia, Tbk during the third quarter worth $1,503,000. Finally, XTX Topco Ltd purchased a new position in PT Telekomunikasi Indonesia, Tbk in the third quarter worth $589,000.

PT Telekomunikasi Indonesia, Tbk Stock Up 0.7%

PT Telekomunikasi Indonesia, Tbk stock opened at $18.82 on Thursday. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $23.51. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.43. The stock’s fifty day moving average is $20.08 and its two-hundred day moving average is $20.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Company 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.