Van ECK Associates Corp Has $3.71 Million Stock Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Van ECK Associates Corp raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 127.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 198,504 shares of the utilities provider’s stock after purchasing an additional 111,162 shares during the quarter. Van ECK Associates Corp’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $3,710,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the 2nd quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock valued at $8,895,000 after acquiring an additional 33,360 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter valued at about $616,000. Renaissance Technologies LLC boosted its holdings 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 worth $73,093,000 after acquiring an additional 14,600 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% in the first quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock valued at $625,000 after acquiring an additional 14,860 shares during the period. Finally, Creative Planning increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.2% in the 3rd quarter. Creative Planning now owns 64,238 shares of the utilities provider’s stock worth $1,271,000 after acquiring an additional 4,875 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Price Performance

TLK stock opened at $17.30 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. Perusahaan Perseroan has a 1 year low of $16.62 and a 1 year high of $26.85. The company has a market cap of $15.58 billion, a P/E ratio of 12.01, a PEG ratio of 1.61 and a beta of 0.79. The firm has a 50-day moving average of $19.21 and a 200 day moving average of $18.83.

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.