Sequoia Financial Advisors LLC Sells 1,738 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Sequoia Financial Advisors LLC reduced its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,224 shares of the Wireless communications provider’s stock after selling 1,738 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 41.4% in the first quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock valued at $2,001,000 after purchasing an additional 112,852 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 3.3% in the second quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock valued at $2,754,000 after purchasing an additional 11,584 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at $996,000. Creative Planning increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 19.5% in the third quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock valued at $1,213,000 after purchasing an additional 28,819 shares during the last quarter. Finally, Capital Wealth Planning LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at $880,000.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

TKC stock opened at $6.35 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. The company’s 50-day simple moving average is $6.76 and its 200 day simple moving average is $7.02. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.07 and a 52 week high of $8.47.

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

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.