Bank of Montreal Can Buys 20,141 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Bank of Montreal Can increased its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 13.1% during the second quarter, Holdings Channel.com reports. The fund owned 173,442 shares of the utilities provider’s stock after buying an additional 20,141 shares during the period. Bank of Montreal Can’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,938,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,258.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,266 shares in the last quarter. GAMMA Investing LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 146.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,577 shares in the last quarter. Assetmark Inc. raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% in the 1st quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 3,449 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% in the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,210 shares during the last quarter. Finally, CWM LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk by 54.3% during the 2nd quarter. CWM LLC now owns 4,709 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,658 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of TLK stock opened at $21.17 on Thursday. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.15 and a 12 month high of $21.36. The firm’s 50 day moving average is $19.36 and its 200 day moving average is $18.06. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $20.97 billion, a P/E ratio of 14.80, a PEG ratio of 3.84 and a beta of 0.61.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $38,172.05 billion. PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. On average, sell-side analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.