Turkcell Iletisim Hizmetleri A.S. (TKC) Position Lessened by NumerixS Investment Technologies Inc

NumerixS Investment Technologies Inc decreased its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,800 shares of the Wireless communications provider’s stock after selling 2,200 shares during the period. NumerixS Investment Technologies Inc’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 63.5% during the third quarter. Hsbc Holdings PLC now owns 63,954 shares of the Wireless communications provider’s stock valued at $308,000 after buying an additional 24,832 shares during the last quarter. Morgan Stanley grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 14.6% in the third quarter. Morgan Stanley now owns 5,576,806 shares of the Wireless communications provider’s stock worth $26,880,000 after purchasing an additional 712,143 shares during the last quarter. FMR LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 426.6% in the third quarter. FMR LLC now owns 1,833,407 shares of the Wireless communications provider’s stock worth $8,837,000 after purchasing an additional 1,485,233 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth about $3,688,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth about $88,000. Institutional investors and hedge funds own 3.05% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. stock opened at $6.48 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $3.93 and a fifty-two week high of $9.93. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 13.50 and a beta of 0.66.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings results on Wednesday, February 20th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.05 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.77% and a return on equity of 13.07%. As a group, analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.82 earnings per share for the current year.

Several analysts recently issued reports on TKC shares. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. JPMorgan Chase & Co. raised Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a research report on Friday, January 18th. VTB Capital cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, TheStreet raised Turkcell Iletisim Hizmetleri A.S. from a “c” rating to a “b-” rating in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Turkcell Iletisim Hizmetleri A.S. currently has an average rating of “Hold” and a consensus price target of $7.25.

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Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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