Rhumbline Advisers Sells 4,274 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Rhumbline Advisers lowered its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,339 shares of the Wireless communications provider’s stock after selling 4,274 shares during the quarter. Rhumbline Advisers’ holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock valued at $347,000 after buying an additional 3,032 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 36.7% in the 4th quarter. BNP Paribas Financial Markets now owns 272,748 shares of the Wireless communications provider’s stock valued at $1,312,000 after buying an additional 73,166 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock valued at $417,000 after buying an additional 2,226 shares during the last quarter. StoneX Group Inc. bought a new position in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at approximately $996,000. Finally, Ballentine Partners LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 26.9% in the 1st quarter. Ballentine Partners LLC now owns 53,871 shares of the Wireless communications provider’s stock valued at $280,000 after buying an additional 11,419 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

NYSE:TKC opened at $6.95 on Friday. The company has a market capitalization of $6.12 billion, a PE ratio of 6.75 and a beta of 0.84. The company has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $6.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 1.57. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.07 and a fifty-two week high of $8.47.

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.