Ronald Blue & Co. LLC Buys 10,800 Shares of Turkcell Iletisim Hizmetleri A.S. (TKC)

Ronald Blue & Co. LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 48.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,178 shares of the Wireless communications provider’s stock after buying an additional 10,800 shares during the period. Ronald Blue & Co. LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in Turkcell Iletisim Hizmetleri A.S. by 41.2% in the first quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 4,136 shares in the last quarter. Airain ltd bought a new position in Turkcell Iletisim Hizmetleri A.S. during the first quarter worth $131,000. Fox Run Management L.L.C. bought a new position in Turkcell Iletisim Hizmetleri A.S. during the first quarter worth $144,000. ETRADE Capital Management LLC raised its position in Turkcell Iletisim Hizmetleri A.S. by 45.0% in the third quarter. ETRADE Capital Management LLC now owns 18,296 shares of the Wireless communications provider’s stock worth $147,000 after buying an additional 5,676 shares in the last quarter. Finally, Greenleaf Trust bought a new position in Turkcell Iletisim Hizmetleri A.S. during the first quarter worth $175,000. Institutional investors own 5.67% of the company’s stock.

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded up 2.55% on Friday, hitting $8.03. The stock had a trading volume of 408,709 shares. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $6.35 and a 1-year high of $9.89. The company’s market cap is $7.01 billion. The stock has a 50 day moving average price of $8.28 and a 200 day moving average price of $7.65.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings results on Wednesday, April 26th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.10 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.66% and a net margin of 9.79%. On average, equities research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post $0.66 EPS for the current fiscal year.

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A number of research analysts have recently weighed in on TKC shares. VTB Capital upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a report on Friday, May 5th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, March 29th. HSBC Holdings plc upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a report on Thursday, February 23rd. Finally, Berenberg Bank started coverage on Turkcell Iletisim Hizmetleri A.S. in a report on Tuesday, May 9th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.50.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

12 Month Chart for NYSE:TKC

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