PT Telekomunikasi Indonesia, Tbk $TLK Holdings Raised by Saturna Capital Corp

Saturna Capital Corp grew its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 20.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,782 shares of the utilities provider’s stock after purchasing an additional 17,000 shares during the period. Saturna Capital Corp’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter worth about $33,124,000. Northern Trust Corp raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 106.2% during the first quarter. Northern Trust Corp now owns 855,287 shares of the utilities provider’s stock valued at $12,633,000 after acquiring an additional 440,426 shares during the period. Millennium Management LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after acquiring an additional 402,344 shares during the period. Euro Pacific Asset Management LLC lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 744.8% in the 2nd quarter. Euro Pacific Asset Management LLC now owns 367,958 shares of the utilities provider’s stock valued at $6,240,000 after acquiring an additional 324,400 shares in the last quarter. Finally, Ramirez Asset Management Inc. acquired a new position in PT Telekomunikasi Indonesia, Tbk in the 1st quarter worth approximately $3,861,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Stock Up 1.1%

PT Telekomunikasi Indonesia, Tbk stock opened at $21.30 on Wednesday. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $21.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71. The firm has a market cap of $21.10 billion, a PE ratio of 14.90, a P/E/G ratio of 3.84 and a beta of 0.61. The firm’s 50 day moving average price is $19.51 and its two-hundred day moving average price is $18.23.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its earnings results 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). PT Telekomunikasi Indonesia, Tbk had a net margin of 15.49% and a return on equity of 14.72%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $38,172.05 billion. On average, research analysts predict that PT Telekomunikasi Indonesia, Tbk will post 1.5 EPS for the current fiscal year.

About 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.