Turkcell Iletisim Hizmetleri AS $TKC Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 86.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TKC. Dimensional Fund Advisors LP grew its stake in Turkcell Iletisim Hizmetleri AS by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider's stock worth $216,000 after purchasing an additional 3,767 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $304,000. GAMMA Investing LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 545.6% in the 1st quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock worth $580,000 after acquiring an additional 78,853 shares during the last quarter. Cerity Partners LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 47.6% in the 1st quarter. Cerity Partners LLC now owns 198,885 shares of the Wireless communications provider's stock worth $1,237,000 after acquiring an additional 64,109 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Turkcell Iletisim Hizmetleri AS by 389.1% in the 4th quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock worth $1,945,000 after acquiring an additional 237,739 shares during the last quarter.

Analysts Set New Price Targets

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 Stock Down 0.8%

Shares of NYSE:TKC traded down $0.05 during trading on Friday, hitting $5.54. The company's stock had a trading volume of 1,331,865 shares, compared to its average volume of 816,904. 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 has a 50 day moving average price of $5.86 and a two-hundred day moving average price of $6.17. The company has a market capitalization of $4.87 billion, a PE 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.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last released 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 company had revenue of $1.37 billion during the quarter. As a group, research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS 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.