Cubist Systematic Strategies LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 121,063 shares of the utilities provider's stock, valued at approximately $1,788,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TLK. Invesco Ltd. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter valued at approximately $33,124,000. Citadel Advisors LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $16,533,000. Northern Trust Corp lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 106.2% during the 1st quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider's stock worth $12,633,000 after buying an additional 440,426 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth approximately $3,861,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth approximately $2,695,000.
PT Telekomunikasi Indonesia, Tbk Stock Up 0.8%
PT Telekomunikasi Indonesia, Tbk stock traded up $0.16 during trading on Friday, reaching $19.21. The stock had a trading volume of 761,923 shares, compared to its average volume of 581,555. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The business has a 50 day moving average price of $18.38 and a 200 day moving average price of $16.64. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The stock has a market cap of $19.02 billion, a PE ratio of 13.43, a P/E/G ratio of 4.19 and a beta of 0.66.
Analyst Upgrades and Downgrades
Separately, New Street Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".
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PT Telekomunikasi Indonesia, Tbk Company 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.
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