SG Americas Securities LLC Purchases New Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

SG Americas Securities LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,896 shares of the Wireless communications provider’s stock, valued at approximately $226,000.

Other hedge funds have also bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at about $71,000. Aprio Wealth Management LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at approximately $77,000. GAMMA Investing LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 68.2% in the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after acquiring an additional 4,545 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at about $89,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 23,224 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 1,877 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Monday, October 14th.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.3 %

Shares of TKC opened at $6.33 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $6.87 and a 200 day moving average price of $7.01. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $4.07 and a 12-month high of $8.47. The firm has a market capitalization of $5.57 billion, a P/E ratio of 6.86 and a beta of 0.84.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 7.72% and a net margin of 8.75%. Sell-side analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.34 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.