Hennion & Walsh Asset Management Inc. Takes $75,000 Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,919 shares of the Wireless communications provider’s stock, valued at approximately $75,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. StoneX Group Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the first quarter valued at about $996,000. Capital Wealth Planning LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the first quarter valued at about $880,000. BNP Paribas Financial Markets increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 41.4% during the first quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock valued at $2,001,000 after buying an additional 112,852 shares during the period. Caprock Group LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% during the second quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after buying an additional 73,460 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 220.3% during the third quarter. Blue Trust Inc. now owns 71,953 shares of the Wireless communications provider’s stock valued at $545,000 after buying an additional 49,486 shares during the period.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of NYSE TKC opened at $6.38 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.07 and a 1 year high of $8.47. The company’s 50-day moving average is $6.70 and its 200 day moving average is $7.03.

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