PNC Financial Services Group Inc. Grows Stake in PT Telekomunikasi Indonesia, Tbk $TLK

PNC Financial Services Group Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 55.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,811 shares of the utilities provider's stock after purchasing an additional 13,068 shares during the quarter. PNC Financial Services Group Inc.'s holdings in PT Telekomunikasi Indonesia, Tbk were worth $624,000 at the end of the most recent quarter.

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Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in PT Telekomunikasi Indonesia, Tbk by 1,032.4% during the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider's stock valued at $41,000 after buying an additional 2,199 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,258.9% in the second quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider's stock worth $41,000 after buying an additional 2,266 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 146.2% during the second quarter. GAMMA Investing LLC now owns 2,656 shares of the utilities provider's stock worth $45,000 after acquiring an additional 1,577 shares during the last quarter. Assetmark Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 1,368.7% during the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider's stock valued at $55,000 after acquiring an additional 3,449 shares in the last quarter. Finally, CWM LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 54.3% during the second 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.

PT Telekomunikasi Indonesia, Tbk Trading Down 1.0%

TLK stock opened at $20.90 on Friday. The firm has a fifty day moving average price of $19.62 and a 200 day moving average price of $18.32. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $21.62. The firm has a market cap of $20.70 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report) last released its quarterly 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 business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $38,172.05 billion. Sell-side analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note 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. Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk has a consensus rating of "Reduce".

Get Our Latest Report on TLK

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.

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