JPMorgan Chase & Co. boosted its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,626 shares of the utilities provider’s stock after acquiring an additional 3,741 shares during the period. JPMorgan Chase & Co.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $4,331,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in PT Telekomunikasi Indonesia, Tbk by 34.6% during the second quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 935 shares in the last quarter. Advisor Group Inc. lifted its position in PT Telekomunikasi Indonesia, Tbk by 11.5% during the second quarter. Advisor Group Inc. now owns 4,867 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 501 shares during the last quarter. CIBC World Markets Inc. bought a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $203,000. SG Americas Securities LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 29.1% during the second quarter. SG Americas Securities LLC now owns 6,333 shares of the utilities provider’s stock valued at $213,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Symphony Asset Management LLC bought a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 5.49% of the company’s stock.

Several equities research analysts have issued reports on the stock. UBS Group lowered shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Macquarie lowered shares of PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Finally, Citigroup upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. PT Telekomunikasi Indonesia, Tbk has an average rating of “Hold”.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) opened at $32.22 on Tuesday. The firm has a market cap of $32,990.00, a P/E ratio of 19.18 and a beta of 0.59. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.26. PT Telekomunikasi Indonesia, Tbk has a 1-year low of $28.10 and a 1-year high of $36.19.

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About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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