Bank of America Corp DE decreased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,353 shares of the utilities provider's stock after selling 88,510 shares during the quarter. Bank of America Corp DE's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $6,487,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% during the fourth quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider's stock worth $9,574,000 after buying an additional 44,907 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth $707,000. Victory Capital Management Inc. bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth $544,000. Haven Global Partners LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth $3,291,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider's stock worth $74,966,000 after buying an additional 98,552 shares in the last quarter.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance
TLK stock traded down $0.08 during midday trading on Friday, hitting $17.11. The company's stock had a trading volume of 396,745 shares, compared to its average volume of 572,911. The stock's 50-day moving average price is $15.51 and its 200 day moving average price is $15.87. 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 $13.15 and a 1 year high of $21.00. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.18 and a beta of 0.56.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile
(
Free Report)
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.
Read More
Before you consider Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk wasn't on the list.
While Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
