Sequoia Financial Advisors LLC Takes $63,000 Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Sequoia Financial Advisors LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC – Get Rating) during the third quarter, HoldingsChannel reports. The firm acquired 23,793 shares of the Wireless communications provider’s stock, valued at approximately $63,000.

A number of other institutional investors and hedge funds have also modified their holdings of TKC. State Street Corp grew its position in Turkcell Iletisim Hizmetleri A.S. by 127.9% in the second quarter. State Street Corp now owns 1,560,701 shares of the Wireless communications provider’s stock valued at $3,902,000 after acquiring an additional 875,887 shares during the period. Goldman Sachs Group Inc. grew its position in Turkcell Iletisim Hizmetleri A.S. by 16.2% in the second quarter. Goldman Sachs Group Inc. now owns 793,414 shares of the Wireless communications provider’s stock valued at $1,984,000 after acquiring an additional 110,320 shares during the period. Ritholtz Wealth Management grew its position in Turkcell Iletisim Hizmetleri A.S. by 134.7% in the third quarter. Ritholtz Wealth Management now owns 585,384 shares of the Wireless communications provider’s stock valued at $1,557,000 after acquiring an additional 335,929 shares during the period. BNP Paribas Arbitrage SA grew its position in Turkcell Iletisim Hizmetleri A.S. by 32.8% in the first quarter. BNP Paribas Arbitrage SA now owns 483,337 shares of the Wireless communications provider’s stock valued at $1,880,000 after acquiring an additional 119,248 shares during the period. Finally, Alps Advisors Inc. grew its position in Turkcell Iletisim Hizmetleri A.S. by 61.7% in the second quarter. Alps Advisors Inc. now owns 206,384 shares of the Wireless communications provider’s stock valued at $516,000 after acquiring an additional 78,714 shares during the period. 3.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TKC. TheStreet upgraded Turkcell Iletisim Hizmetleri A.S. from a “c+” rating to a “b-” rating in a research report on Friday, November 11th. StockNews.com began coverage on Turkcell Iletisim Hizmetleri A.S. in a research note on Wednesday, October 12th. They issued a “buy” rating for the company.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of NYSE:TKC opened at $5.08 on Monday. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $2.33 and a twelve month high of $5.32. The firm has a market cap of $4.47 billion, a PE ratio of 10.16 and a beta of 0.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.86 and a current ratio of 1.87. The business has a fifty day moving average of $4.33 and a 200-day moving average of $3.36.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC – Get Rating) last announced its earnings results on Thursday, November 3rd. The Wireless communications provider reported $0.15 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 23.99% and a net margin of 13.16%. The company had revenue of $804.97 million during the quarter. On average, equities research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.5 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services consisting of mobile communications, fixed business internet and business phone, and customer loyalty and programs.