PT Telekomunikasi Indonesia, Tbk $TLK Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC trimmed its stake in PT Telekomunikasi Indonesia (TLK) by 8.0% in Q4, selling 256,907 shares and now holding 2,938,537 shares valued at about $61.94 million.
• Weiss Ratings downgraded TLK from a "hold (c-)" to a "sell (d+)," and MarketBeat's consensus rating is "Reduce" (one Hold, one Sell).
• TLK opened at $18.82 with a market cap of $18.64 billion and a P/E of 13.94, trading below its 50-day ($20.08) and 200-day ($20.34) moving averages and inside a 12‑month range of $13.15–$23.51.

Allspring Global Investments Holdings LLC trimmed its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,938,537 shares of the utilities provider's stock after selling 256,907 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $61,944,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TLK. Factory Mutual Insurance Co. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk in the 3rd quarter valued at $1,638,000. Northcape Capital Pty Ltd raised its stake in PT Telekomunikasi Indonesia, Tbk by 33.2% during the 3rd quarter. Northcape Capital Pty Ltd now owns 594,101 shares of the utilities provider's stock worth $11,181,000 after acquiring an additional 147,928 shares in the last quarter. American Century Companies Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 11.3% in the third quarter. American Century Companies Inc. now owns 904,285 shares of the utilities provider's stock valued at $17,019,000 after acquiring an additional 91,448 shares during the last quarter. Lazard Asset Management LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 8.3% in the second quarter. Lazard Asset Management LLC now owns 14,916,907 shares of the utilities provider's stock valued at $252,690,000 after acquiring an additional 1,147,045 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in PT Telekomunikasi Indonesia, Tbk by 338.2% in the third quarter. Blue Trust Inc. now owns 36,168 shares of the utilities provider's stock valued at $681,000 after acquiring an additional 27,914 shares in the last quarter.

Wall Street Analyst Weigh In

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

PT Telekomunikasi Indonesia, Tbk Trading Up 0.7%

Shares of TLK stock opened at $18.82 on Thursday. The company has a market capitalization of $18.64 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $20.08 and its two-hundred day moving average is $20.34. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $23.51.

PT Telekomunikasi Indonesia, Tbk Company 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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