Bank of New York Mellon Corp raised its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 36.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,596 shares of the Wireless communications provider’s stock after purchasing an additional 14,443 shares during the period. Bank of New York Mellon Corp’s holdings in Turkcell Iletisim Hizmetleri AS were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TKC. Ameriprise Financial Inc. raised its position in Turkcell Iletisim Hizmetleri AS by 41.2% during the 1st quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock valued at $117,000 after purchasing an additional 4,136 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 9.1% during the 1st quarter. Stifel Financial Corp now owns 23,902 shares of the Wireless communications provider’s stock worth $199,000 after acquiring an additional 1,990 shares during the period. UBS Group AG grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 8.5% during the 1st quarter. UBS Group AG now owns 98,670 shares of the Wireless communications provider’s stock worth $816,000 after acquiring an additional 7,695 shares during the period. Morgan Stanley grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 8.1% during the 1st quarter. Morgan Stanley now owns 4,041,759 shares of the Wireless communications provider’s stock worth $33,465,000 after acquiring an additional 304,579 shares during the period. Finally, KCG Holdings Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 33.3% during the 1st quarter. KCG Holdings Inc. now owns 20,172 shares of the Wireless communications provider’s stock worth $167,000 after acquiring an additional 5,042 shares during the period. 4.78% of the stock is owned by institutional investors and hedge funds.

Turkcell Iletisim Hizmetleri AS (NYSE TKC) opened at 9.39 on Wednesday. The firm’s 50 day moving average price is $9.02 and its 200-day moving average price is $8.75. Turkcell Iletisim Hizmetleri AS has a 12-month low of $6.35 and a 12-month high of $9.69. The stock’s market cap is $8.26 billion.

TKC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Citigroup Inc. upgraded Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday, July 25th. BidaskClub upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, TheStreet upgraded Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $11.00.

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Turkcell Iletisim Hizmetleri AS 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.

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

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