Goldman Sachs Group Inc. Has $5.77 Million 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. increased its holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 20.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 928,094 shares of the Wireless communications provider's stock after purchasing 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 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TKC. Hennion & Walsh Asset Management Inc. increased its holdings in shares of 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. Ascent Group LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 58.8% during the first quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider's stock worth $121,000 after buying an additional 7,189 shares in the last quarter. Aprio Wealth Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 130.9% during the first quarter. Aprio Wealth Management LLC now owns 23,304 shares of the Wireless communications provider's stock worth $145,000 after buying an additional 13,212 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth approximately $156,000. Finally, RHS Financial LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth approximately $160,000.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri AS Trading Up 2.4%

TKC stock traded up $0.14 during midday trading on Friday, reaching $6.04. The company's stock had a trading volume of 4,126,489 shares, compared to its average volume of 2,465,174. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.35 and a 52 week high of $7.63. The stock has a market cap of $5.32 billion, a PE ratio of 4.11 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. The business's 50-day simple moving average is $5.79 and its 200-day simple moving average is $6.06.

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 earnings per share (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 for the quarter. As a group, sell-side analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current 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.