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

Several other institutional investors and hedge funds have also modified their holdings of the company. Vise Technologies Inc. lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 84.2% during the fourth quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock valued at $2,576,000 after buying an additional 180,918 shares during the period. Millennium Management LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at approximately $2,082,000. Northern Trust Corp lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 389.1% during the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after buying an additional 237,739 shares during the period. Vident Advisory LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 3.1% during the fourth quarter. Vident Advisory LLC now owns 236,205 shares of the Wireless communications provider's stock valued at $1,538,000 after buying an additional 7,157 shares during the period. Finally, BTC Capital Management Inc. lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 2.2% during the first quarter. BTC Capital Management Inc. now owns 205,901 shares of the Wireless communications provider's stock valued at $1,281,000 after buying an additional 4,528 shares during the period.

Analysts Set New Price Targets

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

Turkcell Iletisim Hizmetleri AS Trading Down 1.2%

TKC stock traded down $0.07 on Wednesday, hitting $5.56. 1,073,919 shares of the company were exchanged, compared to its average volume of 668,330. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.47 and a twelve month high of $7.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69. The business's fifty day moving average is $5.87 and its two-hundred day moving average is $6.19. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 3.78 and a beta of 0.99.

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

Turkcell Iletisim Hizmetleri AS Company Profile

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.