B. Metzler seel. Sohn & Co. AG Has $211,000 Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in PT Telekomunikasi Indonesia by 95.5% in Q4, selling 213,051 shares and retaining 10,008 shares valued at $211,000.
• Weiss Ratings downgraded TLK from "hold (c-)" to "sell (d+)", leaving the stock with an average analyst rating of "Reduce" (one Hold, one Sell).
• Meanwhile, several institutional investors added or increased positions—Factory Mutual initiated a roughly $1.64M stake, and firms like Northcape, American Century, Barometer and Blue Trust significantly boosted their holdings.

B. Metzler seel. Sohn & Co. AG lessened its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 95.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,008 shares of the utilities provider's stock after selling 213,051 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in PT Telekomunikasi Indonesia, Tbk were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Factory Mutual Insurance Co. acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the third quarter valued at approximately $1,638,000. Northcape Capital Pty Ltd boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 33.2% during the third quarter. Northcape Capital Pty Ltd now owns 594,101 shares of the utilities provider's stock valued at $11,181,000 after buying an additional 147,928 shares during the last quarter. American Century Companies Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.3% during the third quarter. American Century Companies Inc. now owns 904,285 shares of the utilities provider's stock valued at $17,019,000 after buying an additional 91,448 shares during the last quarter. Blue Trust Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 338.2% during the third quarter. Blue Trust Inc. now owns 36,168 shares of the utilities provider's stock valued at $681,000 after buying an additional 27,914 shares during the last quarter. Finally, Barometer Capital Management Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 102.5% during the third quarter. Barometer Capital Management Inc. now owns 223,200 shares of the utilities provider's stock valued at $4,201,000 after buying an additional 113,000 shares during the last quarter.

Analyst Upgrades and Downgrades

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

PT Telekomunikasi Indonesia, Tbk Stock Up 0.8%

Shares of NYSE:TLK opened at $16.83 on Tuesday. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 2.28 and a beta of 0.43. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $15.12 and a 12-month high of $23.51. The business's 50 day moving average is $19.00 and its 200 day moving average is $20.25.

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.

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