Connor Clark & Lunn Investment Management Ltd. Invests $793,000 in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 115,263 shares of the Wireless communications provider’s stock, valued at approximately $793,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKC. Atlas Capital Advisors LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at about $71,000. Aprio Wealth Management LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at approximately $77,000. Verdence Capital Advisors LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at approximately $72,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter valued at approximately $75,000. Finally, GAMMA Investing LLC increased its position in Turkcell Iletisim Hizmetleri A.S. by 68.2% in the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after buying an additional 4,545 shares during the period.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

NYSE TKC opened at $6.61 on Friday. The company’s fifty day moving average is $6.52 and its two-hundred day moving average is $7.10. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $4.48 and a 52-week high of $8.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 7.24 and a beta of 0.86.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. The business had revenue of $1.07 billion for the quarter.

Turkcell Iletisim Hizmetleri A.S. Company 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.