Blue Trust Inc. Boosts Stock Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Blue Trust Inc. increased its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 69.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 122,119 shares of the Wireless communications provider’s stock after buying an additional 50,166 shares during the quarter. Blue Trust Inc.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $840,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Aprio Wealth Management LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 17.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider’s stock worth $82,000 after acquiring an additional 1,745 shares during the period. GAMMA Investing LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 18.4% in the third quarter. GAMMA Investing LLC now owns 13,268 shares of the Wireless communications provider’s stock worth $91,000 after purchasing an additional 2,058 shares during the period. JPMorgan Chase & Co. raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after buying an additional 2,656 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 3.3% during the third quarter. First Trust Direct Indexing L.P. now owns 108,897 shares of the Wireless communications provider’s stock valued at $749,000 after buying an additional 3,434 shares during the period. Finally, US Bancorp DE grew its position in Turkcell Iletisim Hizmetleri A.S. by 15.2% during the third quarter. US Bancorp DE now owns 33,814 shares of the Wireless communications provider’s stock worth $233,000 after buying an additional 4,462 shares in the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Trading Down 0.5 %

TKC stock opened at $7.48 on Thursday. The firm has a 50 day simple moving average of $6.76 and a two-hundred day simple moving average of $6.91. Turkcell Iletisim Hizmetleri A.S. has a one year low of $4.76 and a one year high of $8.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Thursday, November 7th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.20 billion during the quarter. On average, sell-side analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current 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.