62,131 Shares in Turkcell Iletisim Hizmetleri AS (TKC) Purchased by USA Financial Portformulas Corp

USA Financial Portformulas Corp purchased a new stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 62,131 shares of the Wireless communications provider’s stock, valued at approximately $548,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC bought a new stake in Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at $4,296,000. Thomas White International Ltd. bought a new stake in Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at $1,575,000. Lazard Asset Management LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 1.7% in the 2nd quarter. Lazard Asset Management LLC now owns 3,110,211 shares of the Wireless communications provider’s stock valued at $25,503,000 after purchasing an additional 51,237 shares during the period. UBS Group AG boosted its holdings in Turkcell Iletisim Hizmetleri AS by 8.5% in the 1st quarter. UBS Group AG now owns 98,670 shares of the Wireless communications provider’s stock valued at $816,000 after purchasing an additional 7,695 shares during the period. Finally, KCG Holdings Inc. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 33.3% in the 1st quarter. KCG Holdings Inc. now owns 20,172 shares of the Wireless communications provider’s stock valued at $167,000 after purchasing an additional 5,042 shares during the period. 4.80% of the stock is owned by hedge funds and other institutional investors.

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

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Turkcell Iletisim Hizmetleri AS (TKC) opened at $9.16 on Friday. Turkcell Iletisim Hizmetleri AS has a one year low of $6.35 and a one year high of $9.79. The stock has a market cap of $8,060.80, a price-to-earnings ratio of 11.45 and a beta of 0.97. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Turkcell Iletisim Hizmetleri AS 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.

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

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