Raiffeisen Bank International AG Acquires New Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

Raiffeisen Bank International AG bought a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 350,000 shares of the utilities provider’s stock, valued at approximately $4,784,000.

A number of other large investors have also recently added to or reduced their stakes in TLK. Lazard Asset Management LLC grew its holdings in PT Telekomunikasi Indonesia, Tbk by 23.4% during the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after purchasing an additional 4,770,126 shares during the last quarter. Northcape Capital Pty Ltd raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 4.5% in the second quarter. Northcape Capital Pty Ltd now owns 1,125,872 shares of the utilities provider’s stock valued at $15,120,000 after purchasing an additional 48,584 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock worth $12,932,000 after buying an additional 2,524 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% during the 1st quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock worth $10,573,000 after buying an additional 59,123 shares during the period. Finally, Ramirez Asset Management Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1.8% during the 4th quarter. Ramirez Asset Management Inc. now owns 545,405 shares of the utilities provider’s stock worth $11,481,000 after buying an additional 9,577 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Up 0.2%

Shares of TLK stock opened at $14.84 on Friday. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.23 and a 12 month high of $23.51. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.20. The firm has a market cap of $14.70 billion, a PE ratio of 14.27 and a beta of 0.35. The stock has a 50 day moving average of $14.52 and a 200-day moving average of $16.59.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The business also recently declared an annual dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 18th were issued a $1.2214 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is 90.38%.

Analyst Upgrades and Downgrades

TLK has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Wall Street Zen raised PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.