PNC Financial Services Group Inc. Increases Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

PNC Financial Services Group Inc. lifted its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,096 shares of the Wireless communications provider’s stock after acquiring an additional 3,032 shares during the period. PNC Financial Services Group Inc.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth about $38,000. Blue Trust Inc. raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 49.7% during the 4th quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 2,757 shares in the last quarter. Colonial River Wealth Management LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 21.1% during the fourth quarter. Colonial River Wealth Management LLC now owns 12,190 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 2,125 shares during the last quarter. CWM LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 17.1% in the fourth quarter. CWM LLC now owns 12,725 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 1,855 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at approximately $96,000.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of NYSE TKC opened at $7.58 on Friday. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $3.52 and a fifty-two week high of $8.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.78 and a quick ratio of 1.77. The business has a 50-day simple moving average of $6.90 and a two-hundred day simple moving average of $5.81.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 10.07% and a return on equity of 11.51%. The business had revenue of $996.26 million during the quarter. On average, equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.52 EPS for the current year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.169 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10. This represents a dividend yield of 2.38%.

Analyst Ratings Changes

Separately, StockNews.com lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Friday.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.