Citigroup Inc. Has $4.23 Million Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Citigroup Inc. increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 24.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,810 shares of the utilities provider’s stock after acquiring an additional 42,304 shares during the quarter. Citigroup Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $4,229,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TLK. Allspring Global Investments Holdings LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock valued at $85,411,000 after purchasing an additional 492,128 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% in the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock worth $73,093,000 after acquiring an additional 14,600 shares during the period. American Century Companies Inc. lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the second quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after acquiring an additional 33,360 shares during the period. Oldfield Partners LLP raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock worth $8,692,000 after purchasing an additional 64,429 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% during the third quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock valued at $7,090,000 after acquiring an additional 73,322 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 5.1 %

NYSE:TLK opened at $17.60 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. Perusahaan Perseroan has a 1 year low of $15.78 and a 1 year high of $26.85. The stock’s 50 day simple moving average is $18.05 and its two-hundred day simple moving average is $18.52.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company 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.