Telekomnks Indn Prsr Tbk Prshn Prsrn (TLK) Upgraded by Macquarie to “Outperform”

Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Shares of NYSE TLK traded up $0.75 during midday trading on Wednesday, hitting $24.53. 307,446 shares of the company’s stock were exchanged, compared to its average volume of 421,357. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Telekomnks Indn Prsr Tbk Prshn Prsrn has a 12 month low of $24.19 and a 12 month high of $24.61.

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Several hedge funds and other institutional investors have recently modified their holdings of TLK. DnB Asset Management AS boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 10.0% during the 4th quarter. DnB Asset Management AS now owns 20,880 shares of the utilities provider’s stock worth $673,000 after acquiring an additional 1,900 shares during the period. Oldfield Partners LLP boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 7.3% during the 4th quarter. Oldfield Partners LLP now owns 1,300,988 shares of the utilities provider’s stock worth $41,917,000 after acquiring an additional 88,600 shares during the period. Coastline Trust Co boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 7.1% during the 4th quarter. Coastline Trust Co now owns 58,445 shares of the utilities provider’s stock worth $1,883,000 after acquiring an additional 3,870 shares during the period. Augustine Asset Management Inc. boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 4.3% during the 4th quarter. Augustine Asset Management Inc. now owns 75,701 shares of the utilities provider’s stock worth $2,439,000 after acquiring an additional 3,104 shares during the period. Finally, LA Financiere DE L Echiquier boosted its stake in shares of Telekomnks Indn Prsr Tbk Prshn Prsrn by 6.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 170,000 shares of the utilities provider’s stock worth $5,477,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 5.09% of the company’s stock.

About Telekomnks Indn Prsr Tbk Prshn Prsrn

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, information, and media and edutainment services worldwide. It operates in four segments: Mobile, Consumer, Enterprise, and Wholesale and International. The company offers mobile services, including mobile voice, SMS, value-added, and mobile broadband services.

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