11,678 Shares in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Purchased by AQR Capital Management LLC

AQR Capital Management LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 11,678 shares of the Wireless communications provider’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TKC. BNP Paribas Financial Markets raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 41.4% during the 1st quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock worth $2,001,000 after purchasing an additional 112,852 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock worth $2,754,000 after purchasing an additional 11,584 shares during the last quarter. StoneX Group Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth about $996,000. Capital Wealth Planning LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth about $880,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 10.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock worth $942,000 after purchasing an additional 11,415 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of NYSE:TKC opened at $6.30 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $5.54 billion, a P/E ratio of 6.77 and a beta of 0.84. The business has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $6.97. 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 announced its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 EPS for the quarter. The company 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%. Equities analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri A.S. 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.