Quantinno Capital Management LP Increases Position in Turkcell Iletisim Hizmetleri AS $TKC

Quantinno Capital Management LP lifted its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKCFree Report) by 1,053.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,357 shares of the Wireless communications provider’s stock after purchasing an additional 518,158 shares during the period. Quantinno Capital Management LP owned about 0.06% of Turkcell Iletisim Hizmetleri AS worth $3,421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TKC. SBI Securities Co. Ltd. increased its holdings in Turkcell Iletisim Hizmetleri AS by 50.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter worth about $28,000. WealthCollab LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 59.7% in the 4th quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 2,244 shares during the last quarter. Arax Advisory Partners increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 381.2% in the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 5,936 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Turkcell Iletisim Hizmetleri AS by 102.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 3,963 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of TKC opened at $5.50 on Friday. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.29 and a 1-year high of $7.18. The stock has a market cap of $4.84 billion, a PE ratio of 11.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.68. The firm has a fifty day moving average price of $5.80 and a 200 day moving average price of $6.17.

Turkcell Iletisim Hizmetleri AS (NYSE:TKCGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%.The company had revenue of $1.54 billion for the quarter. As a group, sell-side analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Report on Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS Profile

(Free Report)

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.

See Also

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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