Russell Investments Group Ltd. Buys New Position in Turkcell Iletisim Hizmetleri A.S. (TKC)

Russell Investments Group Ltd. bought a new position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) during the fourth quarter, according to its most recent disclosure with the SEC. The fund bought 273,574 shares of the Wireless communications provider’s stock, valued at approximately $1,876,000.

Several other large investors also recently added to or reduced their stakes in TKC. ETRADE Capital Management LLC boosted its stake 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. Jane Street Group LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at approximately $501,000. OLD Mission Capital LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 444.6% in the third quarter. OLD Mission Capital LLC now owns 108,653 shares of the Wireless communications provider’s stock valued at $879,000 after buying an additional 88,701 shares during the period. Morgan Stanley boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 1.7% in the third quarter. Morgan Stanley now owns 3,634,773 shares of the Wireless communications provider’s stock valued at $29,297,000 after buying an additional 62,057 shares during the period. Finally, Stevens Capital Management LP boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 21.9% in the third quarter. Stevens Capital Management LP now owns 26,493 shares of the Wireless communications provider’s stock valued at $214,000 after buying an additional 4,766 shares during the period. 5.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded down 0.12% on Friday, reaching $8.33. The company’s stock had a trading volume of 324,890 shares. The stock’s market cap is $7.31 billion. The firm has a 50 day moving average price of $8.28 and a 200-day moving average price of $7.60. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $6.35 and a 12-month high of $10.87.

ILLEGAL ACTIVITY WARNING: “Russell Investments Group Ltd. Buys New Position in Turkcell Iletisim Hizmetleri A.S. (TKC)” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2017/04/22/russell-investments-group-ltd-buys-new-position-in-turkcell-iletisim-hizmetleri-a-s-tkc.html.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Wednesday. HSBC Holdings plc raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank AG raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th.

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.