Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Reaches New 12-Month Low – Here’s What Happened

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) hit a new 52-week low during trading on Tuesday . The company traded as low as $16.28 and last traded at $16.29, with a volume of 74709 shares trading hands. The stock had previously closed at $16.86.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 Stock Performance

The stock has a fifty day moving average price of $19.09 and a two-hundred day moving average price of $18.79. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% in 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 buying an additional 492,128 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.4% during the second quarter. Renaissance Technologies LLC now owns 3,908,714 shares of the utilities provider’s stock valued at $73,093,000 after purchasing an additional 14,600 shares during the period. American Century Companies Inc. grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% during the second 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 increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the third quarter. Oldfield Partners LLP now owns 439,424 shares of the utilities provider’s stock worth $8,692,000 after buying an additional 64,429 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% in the first quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock valued at $8,435,000 after buying an additional 5,162 shares during the period.

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.