66,135 Shares in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 66,135 shares of the utilities provider’s stock, valued at approximately $1,308,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after acquiring an additional 492,128 shares during the period. Renaissance Technologies LLC increased its stake 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 purchasing an additional 14,600 shares in the last quarter. American Century Companies Inc. raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock valued at $8,895,000 after purchasing an additional 33,360 shares during the period. Oldfield Partners LLP lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the 3rd quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock valued at $8,692,000 after buying an additional 64,429 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% in the 3rd quarter. Natixis Advisors LLC now owns 358,440 shares of the utilities provider’s stock worth $7,090,000 after buying an additional 73,322 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 1.9 %

Shares of NYSE TLK opened at $17.16 on Friday. Perusahaan Perseroan has a 52-week low of $15.78 and a 52-week high of $26.85. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $17.92 and its two-hundred day moving average is $18.50.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.