JPMorgan Chase & Co. Purchases 2,656 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

JPMorgan Chase & Co. lifted its holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 70.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,411 shares of the Wireless communications provider’s stock after purchasing an additional 2,656 shares during the period. JPMorgan Chase & Co.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TKC. Public Employees Retirement System of Ohio purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter worth about $35,000. Verdence Capital Advisors LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter worth about $72,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter worth about $75,000. Glenmede Trust Co. NA purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter worth about $79,000. Finally, AQR Capital Management LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the second quarter worth about $89,000.

Turkcell Iletisim Hizmetleri A.S. Trading Up 1.2 %

Shares of TKC opened at $7.47 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The business has a 50-day simple moving average of $6.89 and a two-hundred day simple moving average of $6.87. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.76 and a 52 week high of $8.47.

Analysts Set New Price Targets

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

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.