Hsbc Holdings PLC Has $388,000 Position in Turkcell Iletisim Hizmetleri AS $TKC

Hsbc Holdings PLC cut its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 86.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,907 shares of the Wireless communications provider's stock after selling 399,912 shares during the period. Hsbc Holdings PLC's holdings in Turkcell Iletisim Hizmetleri AS were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 89.4% in the 4th 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. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 17.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock valued at $77,000 after acquiring an additional 1,816 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at $131,000. Renaissance Technologies LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at $148,000. Finally, Advisors Preferred LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 1st quarter valued at $156,000.

Turkcell Iletisim Hizmetleri AS Trading Down 0.8%

NYSE TKC traded down $0.05 on Friday, reaching $5.54. The company had a trading volume of 1,331,865 shares, compared to its average volume of 838,491. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 3.77 and a beta of 0.99. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.47 and a fifty-two week high of $7.63. The business has a 50 day moving average of $5.86 and a two-hundred day moving average of $6.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share 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 during the quarter. Analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri AS 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.