Blue Trust Inc. Buys 49,486 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Blue Trust Inc. increased its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 220.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,953 shares of the Wireless communications provider’s stock after purchasing an additional 49,486 shares during the period. Blue Trust Inc.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $545,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $71,000. Aprio Wealth Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $77,000. GAMMA Investing LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 68.2% in the second quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after purchasing an additional 4,545 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $89,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 8.8% in the first quarter. EverSource Wealth Advisors LLC now owns 23,224 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 1,877 shares during the last quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday, October 14th.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of TKC opened at $6.33 on Wednesday. The firm has a market cap of $5.57 billion, a P/E ratio of 6.86 and a beta of 0.84. The stock has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $7.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.57 and a quick ratio of 1.56. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.07 and a 1 year high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 7.72% and a net margin of 8.75%. On average, analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current fiscal year.

About Turkcell Iletisim Hizmetleri A.S.

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.