Freestone Capital Holdings LLC reduced its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,086,906 shares of the Wireless communications provider’s stock after selling 139,306 shares during the period. Freestone Capital Holdings LLC owned about 0.12% of Turkcell Iletisim Hizmetleri A.S. worth $5,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKC. Oldfield Partners LLP boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 14.0% during the second quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock worth $32,294,000 after buying an additional 721,794 shares during the period. Millennium Management LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 101.6% during the fourth quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock worth $2,504,000 after buying an additional 224,565 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 241.8% during the fourth quarter. Bank of New York Mellon Corp now owns 270,761 shares of the Wireless communications provider’s stock worth $1,522,000 after buying an additional 191,553 shares during the period. Marshall Wace LLP purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the first quarter worth $482,000. Finally, Thomas White International Ltd. boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 30.1% during the first quarter. Thomas White International Ltd. now owns 275,015 shares of the Wireless communications provider’s stock worth $1,474,000 after buying an additional 63,684 shares during the period. Institutional investors and hedge funds own 3.01% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. stock traded down $0.05 during midday trading on Monday, reaching $5.56. The company’s stock had a trading volume of 9,619 shares, compared to its average volume of 389,402. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $3.93 and a fifty-two week high of $7.16. The company has a quick ratio of 1.71, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.94 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.55 and a beta of 0.69. The business has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $5.67.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.09). Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.26% and a return on equity of 12.10%. The business had revenue of $1.07 billion during the quarter. As a group, equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.

Several research firms have recently commented on TKC. ValuEngine lowered Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, HSBC cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.25.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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

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