Turkcell Iletisim Hizmetleri AS $TKC Stock Holdings Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Turkcell Iletisim Hizmetleri AS by 6.7%, owning approximately 0.10% of the company after acquiring 53,094 additional shares in the first quarter.
• Turkcell Iletisim Hizmetleri AS recently declared a dividend with a yield of 402.0%, which was paid at $0.0866 per share to investors of record.
• Analysts at Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a "strong-buy" to a "buy" rating in July.

American Century Companies Inc. boosted its position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 843,330 shares of the Wireless communications provider's stock after purchasing an additional 53,094 shares during the period. American Century Companies Inc. owned about 0.10% of Turkcell Iletisim Hizmetleri AS worth $5,246,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 17.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock worth $77,000 after buying an additional 1,816 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 89.4% in the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 2,145 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Turkcell Iletisim Hizmetleri AS by 8.1% in the fourth quarter. Quantinno Capital Management LP now owns 40,175 shares of the Wireless communications provider's stock valued at $262,000 after acquiring an additional 2,998 shares during the last quarter. Ethic Inc. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 4.8% in the first quarter. Ethic Inc. now owns 77,081 shares of the Wireless communications provider's stock valued at $483,000 after acquiring an additional 3,527 shares during the last quarter. Finally, PDS Planning Inc lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 12.1% during the first quarter. PDS Planning Inc now owns 33,924 shares of the Wireless communications provider's stock worth $211,000 after purchasing an additional 3,662 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Down 0.8%

Shares of NYSE TKC traded down $0.05 during midday trading on Monday, reaching $5.88. 1,140,643 shares of the company's stock were exchanged, compared to its average volume of 693,338. Turkcell Iletisim Hizmetleri AS has a 52-week low of $5.54 and a 52-week high of $7.63. The stock has a market capitalization of $5.17 billion, a PE ratio of 4.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. The business's fifty day moving average price is $5.87 and its two-hundred day moving average price is $6.21.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The business had revenue of $1.37 billion for the quarter. Analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.