Kathmere Capital Management LLC Cuts Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Kathmere Capital Management LLC lessened its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 57.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,206 shares of the utilities provider’s stock after selling 19,227 shares during the period. Kathmere Capital Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. CWM LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 613 shares during the period. UMB Bank n.a. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 660 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock worth $152,000 after acquiring an additional 1,011 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock worth $688,000 after acquiring an additional 1,367 shares during the period. Finally, True Wealth Design LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.9% in the 4th quarter. True Wealth Design LLC now owns 30,371 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 1,409 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 2.1 %

TLK stock opened at $20.23 on Monday. Perusahaan Perseroan has a 12 month low of $16.62 and a 12 month high of $26.85. The company’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $19.55. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. The company had revenue of $2.35 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.39% and a net margin of 15.65%. On average, sell-side analysts anticipate that Perusahaan Perseroan will post 1.69 EPS for the current 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.