West Family Investments Inc. Takes $65,000 Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

West Family Investments Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,355 shares of the Wireless communications provider’s stock, valued at approximately $65,000.

Other hedge funds have also recently modified their holdings of the company. Wetherby Asset Management Inc. raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 29.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 16,904 shares of the Wireless communications provider’s stock worth $66,000 after purchasing an additional 3,819 shares during the last quarter. Truist Financial Corp raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 29.5% in the 3rd quarter. Truist Financial Corp now owns 27,571 shares of the Wireless communications provider’s stock worth $73,000 after purchasing an additional 6,283 shares during the last quarter. US Bancorp DE raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 109.5% in the 3rd quarter. US Bancorp DE now owns 12,335 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 6,448 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 21.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 37,305 shares of the Wireless communications provider’s stock worth $93,000 after purchasing an additional 6,514 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 13.4% in the 1st quarter. American Century Companies Inc. now owns 69,280 shares of the Wireless communications provider’s stock worth $269,000 after purchasing an additional 8,162 shares during the last quarter. Institutional investors own 3.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TheStreet raised Turkcell Iletisim Hizmetleri A.S. from a “c+” rating to a “b-” rating in a research report on Friday, November 11th. StockNews.com initiated coverage on Turkcell Iletisim Hizmetleri A.S. in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of NYSE:TKC opened at $5.31 on Wednesday. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $2.33 and a fifty-two week high of $5.40. The business has a 50-day simple moving average of $4.53 and a two-hundred day simple moving average of $3.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.86 and a current ratio of 1.87. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 10.62 and a beta of 0.72.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC – Get Rating) last issued its earnings results on Thursday, November 3rd. The Wireless communications provider reported $0.15 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 23.99% and a net margin of 13.16%. The business had revenue of $804.97 million during the quarter. On average, analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.52 earnings per share for the current year.

About Turkcell Iletisim Hizmetleri A.S.

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TURKCELL Iletisim Hizmetleri AS is engages in the provision of communication and technology services. It operates through the following segments: Turkcell Turkey, Turkcell International, Techfin and All Other. The Turkcell Turkey segment includes the operations of information and entertainment services in Turkey and Azerbaijan, and of non-group call center.