Stifel Financial Corp Sells 4,892 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Stifel Financial Corp trimmed its holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,395 shares of the Wireless communications provider’s stock after selling 4,892 shares during the quarter. Stifel Financial Corp’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,159,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 31.3% during the third quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after buying an additional 159,572 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth approximately $793,000. Caprock Group LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% during the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after acquiring an additional 73,460 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 220.3% in the third quarter. Blue Trust Inc. now owns 71,953 shares of the Wireless communications provider’s stock valued at $545,000 after purchasing an additional 49,486 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter worth $278,000.

Turkcell Iletisim Hizmetleri A.S. Price Performance

NYSE:TKC opened at $6.51 on Monday. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 7.31 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The business has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $7.06. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.61 and a 1 year high of $8.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. 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.