Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) is Northcape Capital Pty Ltd’s 7th Largest Position

Northcape Capital Pty Ltd lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,865 shares of the utilities provider’s stock after purchasing an additional 77,655 shares during the period. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk comprises approximately 1.4% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 7th largest holding. Northcape Capital Pty Ltd’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $8,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLK. Acadian Asset Management LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter valued at $772,000. Ballentine Partners LLC raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.7% in the 2nd quarter. Ballentine Partners LLC now owns 12,971 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 1,560 shares during the period. Choreo LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the second quarter worth about $615,000. American Century Companies Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the second quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after purchasing an additional 33,360 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% in the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after purchasing an additional 14,600 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE:TLK opened at $16.08 on Wednesday. The business’s fifty day moving average is $16.79 and its 200 day moving average is $18.28. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70. Perusahaan Perseroan has a 52-week low of $15.35 and a 52-week high of $26.85.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.