Vestmark Advisory Solutions Inc. Invests $204,000 in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Vestmark Advisory Solutions Inc. bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the 4th quarter, Holdings Channel.com reports. The firm bought 7,903 shares of the utilities provider’s stock, valued at approximately $204,000.

A number of other hedge funds have also recently bought and sold shares of TLK. Martin Currie Ltd. grew its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.5% in the 3rd quarter. Martin Currie Ltd. now owns 864,673 shares of the utilities provider’s stock worth $20,839,000 after purchasing an additional 37,268 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 42.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 711,091 shares of the utilities provider’s stock valued at $17,137,000 after acquiring an additional 210,571 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 71.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,085 shares of the utilities provider’s stock worth $9,329,000 after acquiring an additional 161,624 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 372,213 shares of the utilities provider’s stock worth $8,970,000 after acquiring an additional 47,788 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 39.1% during the fourth quarter. Natixis Advisors L.P. now owns 358,525 shares of the utilities provider’s stock valued at $9,234,000 after purchasing an additional 100,757 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Saturday, April 20th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.5 %

NYSE:TLK opened at $19.52 on Wednesday. Perusahaan Perseroan has a 1-year low of $18.66 and a 1-year high of $28.34. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.75 and a beta of 0.76. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $22.18 and its 200 day moving average price is $23.88.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its earnings results on Thursday, April 18th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.12% and a return on equity of 15.72%. The company had revenue of $2.25 billion during the quarter. On average, sell-side analysts forecast that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Perusahaan Perseroan (Persero) 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.