566,045 Shares in Turkcell Iletisim Hizmetleri AS $TKC Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 566,045 shares of the Wireless communications provider’s stock, valued at approximately $3,413,000.

Several other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 326.4% in the 3rd quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock worth $21,042,000 after purchasing an additional 2,675,681 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 12.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,973,174 shares of the Wireless communications provider’s stock worth $16,263,000 after buying an additional 339,410 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 103.5% during the third quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock valued at $11,840,000 after acquiring an additional 1,000,311 shares during the period. Renaissance Technologies LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS by 182.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,280,600 shares of the Wireless communications provider’s stock worth $7,005,000 after acquiring an additional 827,415 shares during the last quarter. Finally, State Street Corp lifted its position in Turkcell Iletisim Hizmetleri AS by 34.3% in the 4th quarter. State Street Corp now owns 1,026,095 shares of the Wireless communications provider’s stock valued at $5,705,000 after purchasing an additional 261,791 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TKC shares. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Turkcell Iletisim Hizmetleri AS presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

NYSE TKC opened at $5.96 on Tuesday. The firm has a market capitalization of $5.25 billion, a PE ratio of 12.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.68. Turkcell Iletisim Hizmetleri AS has a 12 month low of $5.35 and a 12 month high of $7.18. The company’s 50 day simple moving average is $6.10 and its 200 day simple moving average is $6.19.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 EPS for the quarter. The company had revenue of $1.54 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%. As a group, equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.