Turkcell Iletisim Hizmetleri AS $TKC Stake Lifted by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 39%, owning 328,346 shares worth approximately $2.04 million as of the latest SEC filing.
• Several institutional investors have also made significant adjustments to their positions in Turkcell, with Northern Trust Corp increasing its stake by 389.1% and GAMMA Investing LLC's stake rising by 545.6% in the first quarter.
• Analysts downgraded Turkcell's stock rating from "strong-buy" to "buy", reflecting changes in market sentiment despite the company's stable earnings performance.

Vident Advisory LLC boosted its position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 39.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,346 shares of the Wireless communications provider's stock after buying an additional 92,141 shares during the quarter. Vident Advisory LLC's holdings in Turkcell Iletisim Hizmetleri AS were worth $2,042,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 6.7% in the 1st quarter. American Century Companies Inc. now owns 843,330 shares of the Wireless communications provider's stock valued at $5,246,000 after purchasing an additional 53,094 shares in the last quarter. Ethic Inc. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 4.8% in the 1st quarter. Ethic Inc. now owns 77,081 shares of the Wireless communications provider's stock valued at $483,000 after purchasing an additional 3,527 shares in the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 9.0% in the 1st quarter. Atlas Capital Advisors Inc. now owns 47,690 shares of the Wireless communications provider's stock valued at $297,000 after purchasing an additional 3,948 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter worth about $346,000. Finally, Advisors Preferred LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter worth about $156,000.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE TKC traded down $0.05 on Friday, hitting $5.54. The stock had a trading volume of 1,331,865 shares, compared to its average volume of 816,904. Turkcell Iletisim Hizmetleri AS has a one year low of $5.47 and a one year high of $7.63. 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 stock has a market cap of $4.87 billion, a price-to-earnings ratio of 3.77 and a beta of 0.99. The company's 50-day moving average is $5.86 and its two-hundred day moving average is $6.17.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its 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. On average, analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

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

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.