Mitsubishi UFJ Asset Management Co. Ltd. Has $165,000 Stock Position in Turkcell Iletisim Hizmetleri AS $TKC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 67.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,243 shares of the Wireless communications provider’s stock after purchasing an additional 10,974 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Turkcell Iletisim Hizmetleri AS were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TKC. Foster Group Inc. purchased a new position in Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at about $67,000. HB Wealth Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth approximately $67,000. Yousif Capital Management LLC grew its position in Turkcell Iletisim Hizmetleri AS by 14.3% during the second quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider’s stock valued at $94,000 after purchasing an additional 1,940 shares in the last quarter. Ascent Group LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 58.8% in the 1st quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 7,189 shares during the period. Finally, Aprio Wealth Management LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 130.9% in the 1st quarter. Aprio Wealth Management LLC now owns 23,304 shares of the Wireless communications provider’s stock valued at $145,000 after buying an additional 13,212 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on TKC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Thursday, October 30th. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of NYSE:TKC opened at $5.57 on Friday. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 15.04 and a beta of 0.97. The business has a 50 day moving average price of $5.87 and a 200 day moving average price of $5.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.35 and a twelve month high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Thursday, November 6th. The Wireless communications provider reported $0.15 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. The firm had revenue of $1.46 billion during the quarter. Research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

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.