JPMorgan Chase & Co. lifted its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 631.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,784,989 shares of the Wireless communications provider’s stock after purchasing an additional 2,404,352 shares during the period. JPMorgan Chase & Co. owned about 0.32% of Turkcell Iletisim Hizmetleri A.S. worth $13,423,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at $118,000. Commonwealth Equity Services LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at $156,000. Stevens Capital Management LP purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at $281,000. Segall Bryant & Hamill LLC boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 135.8% in the second quarter. Segall Bryant & Hamill LLC now owns 53,300 shares of the Wireless communications provider’s stock valued at $349,000 after purchasing an additional 30,700 shares during the period. Finally, Capital Innovations LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at $288,000. Hedge funds and other institutional investors own 3.60% of the company’s stock.
A number of research analysts recently issued reports on TKC shares. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Thursday. JPMorgan Chase & Co. lowered Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a report on Monday, September 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.75.
NYSE:TKC opened at $5.67 on Friday. The firm has a market capitalization of $4.98 billion, a P/E ratio of 7.27 and a beta of 0.46. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $3.93 and a 12-month high of $11.29. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 1.00.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Wednesday, October 24th. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.19. The company had revenue of $993.40 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.65% and a net margin of 7.04%. Equities research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.63 earnings per share for the current year.
The firm also recently declared an annual dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Tuesday, December 18th will be issued a dividend of $0.115 per share. This represents a yield of 2.09%. The ex-dividend date is Monday, December 17th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 10.26%.
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About Turkcell Iletisim Hizmetleri A.S.
Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.
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