Goldman Sachs Group Inc. Grows Stake in Turkcell Iletisim Hizmetleri AS $TKC

Key Points

• Goldman Sachs increased its stake in Turkcell Iletisim Hizmetleri AS by 20.9%, owning approximately 928,094 shares valued at $5.77 million as of its recent SEC filing.
• Multiple institutional investors, including GAMMA Investing LLC and Cerity Partners LLC, significantly raised their positions in Turkcell, with GAMMA increasing its stake by 545.6%.
• Wall Street analysts downgraded Turkcell from a "strong-buy" to a "buy" rating, indicating a more cautious outlook for the company's stock performance.

Goldman Sachs Group Inc. lifted its position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 20.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 928,094 shares of the Wireless communications provider's stock after buying an additional 160,213 shares during the period. Goldman Sachs Group Inc. owned approximately 0.11% of Turkcell Iletisim Hizmetleri AS worth $5,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at $304,000. Cerity Partners LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 47.6% during the first quarter. Cerity Partners LLC now owns 198,885 shares of the Wireless communications provider's stock valued at $1,237,000 after purchasing an additional 64,109 shares in the last quarter. GAMMA Investing LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 545.6% during the first quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock valued at $580,000 after purchasing an additional 78,853 shares in the last quarter. Northern Trust Corp lifted its position in 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 purchasing an additional 237,739 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in Turkcell Iletisim Hizmetleri AS by 8.1% during the fourth quarter. Quantinno Capital Management LP now owns 40,175 shares of the Wireless communications provider's stock valued at $262,000 after purchasing an additional 2,998 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of Turkcell Iletisim Hizmetleri AS stock opened at $5.70 on Tuesday. The stock's 50-day simple moving average is $5.79 and its 200-day simple moving average is $6.08. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.35 and a 52 week high of $7.63. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 3.87 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 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. As a group, analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

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.

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