Foster Group Inc. Acquires Shares of 11,053 Turkcell Iletisim Hizmetleri AS $TKC

Foster Group Inc. bought a new position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,053 shares of the Wireless communications provider’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC purchased a new position in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at $2,082,000. Northern Trust Corp lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 389.1% in the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider’s stock worth $1,945,000 after buying an additional 237,739 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Turkcell Iletisim Hizmetleri AS by 2,408.3% during the 1st quarter. Acadian Asset Management LLC now owns 181,801 shares of the Wireless communications provider’s stock valued at $1,129,000 after buying an additional 174,553 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider’s stock worth $5,773,000 after acquiring an additional 160,213 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 39.0% during the 1st quarter. Vident Advisory LLC now owns 328,346 shares of the Wireless communications provider’s stock worth $2,042,000 after acquiring an additional 92,141 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE TKC opened at $6.09 on Tuesday. The business’s 50 day moving average price is $5.80 and its 200-day moving average price is $6.04. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.35 and a fifty-two week high of $7.63. The company has a market cap of $5.35 billion, a P/E ratio of 4.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. The company had revenue of $1.37 billion during the quarter. Sell-side analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 18th.

About Turkcell Iletisim Hizmetleri AS

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.