PT Telekomunikasi Indonesia, Tbk $TLK Shares Purchased by UBS Group AG

UBS Group AG increased its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,688 shares of the utilities provider’s stock after purchasing an additional 66,714 shares during the period. UBS Group AG’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $8,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TLK. Lazard Asset Management LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 34.6% in the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock valued at $377,750,000 after acquiring an additional 5,154,799 shares in the last quarter. Northcape Capital Pty Ltd boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 111.4% during the fourth quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock worth $27,222,000 after buying an additional 662,110 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 906,510 shares of the utilities provider’s stock worth $17,061,000 after buying an additional 25,429 shares during the period. American Century Companies Inc. raised its holdings in 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 worth $17,019,000 after purchasing an additional 91,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in PT Telekomunikasi Indonesia, Tbk by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 675,236 shares of the utilities provider’s stock worth $12,710,000 after purchasing an additional 14,066 shares in the last quarter.

Analysts Set New Price Targets

TLK has been the subject of several analyst reports. Weiss Ratings cut shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Zacks Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.1%

Shares of TLK opened at $16.56 on Monday. The firm has a market cap of $16.40 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36. The company’s fifty day moving average is $18.00 and its two-hundred day moving average is $20.08. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $15.63 and a fifty-two week high of $23.51. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.17.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results on Wednesday, May 20th. The utilities provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.65. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.30 billion. Analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.39 earnings per share for the current year.

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.