Ronald Blue & Co. LLC Buys 10,800 Shares of Turkcell Iletisim Hizmetleri A.S. (TKC)

Ronald Blue & Co. LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 48.3% during the first quarter, Holdings Channel reports. The fund owned 33,178 shares of the Wireless communications provider’s stock after buying an additional 10,800 shares during the period. Ronald Blue & Co. LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $275,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the first quarter valued at about $144,000. Raymond James Trust N.A. boosted its position in Turkcell Iletisim Hizmetleri A.S. by 31.0% in the first quarter. Raymond James Trust N.A. now owns 22,644 shares of the Wireless communications provider’s stock valued at $188,000 after buying an additional 5,352 shares during the period. Guggenheim Capital LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 69,099 shares of the Wireless communications provider’s stock valued at $476,000 after buying an additional 2,029 shares during the period. NWQ Investment Management Company LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 58.1% in the fourth quarter. NWQ Investment Management Company LLC now owns 956,677 shares of the Wireless communications provider’s stock valued at $6,601,000 after buying an additional 351,711 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at about $878,000. Institutional investors own 5.67% of the company’s stock.

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded up 2.55% during trading on Friday, hitting $8.03. The stock had a trading volume of 408,709 shares. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $6.35 and a 12 month high of $9.89. The stock’s market cap is $7.01 billion. The firm has a 50 day moving average of $8.28 and a 200-day moving average of $7.65.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings results on Wednesday, April 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.79% and a return on equity of 12.66%. The business had revenue of $1.10 billion for the quarter. Equities analysts predict that Turkcell Iletisim Hizmetleri A.S. will post $0.66 earnings per share for the current year.

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TKC has been the topic of several analyst reports. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research report on Friday, March 3rd. HSBC Holdings plc raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, February 23rd. VTB Capital raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. Finally, Berenberg Bank initiated coverage on Turkcell Iletisim Hizmetleri A.S. in a research report on Tuesday, May 9th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $9.50.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

12 Month Chart for NYSE:TKC

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