Blue Trust Inc. Acquires 50,166 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Blue Trust Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) by 69.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,119 shares of the Wireless communications provider's stock after purchasing an additional 50,166 shares during the quarter. Blue Trust Inc.'s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ballentine Partners LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 19.2% during the fourth quarter. Ballentine Partners LLC now owns 75,144 shares of the Wireless communications provider's stock worth $489,000 after purchasing an additional 12,088 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock worth $44,000 after purchasing an additional 2,656 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $35,000. Glenmede Trust Co. NA bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $79,000. Finally, BNP Paribas Financial Markets grew its position in Turkcell Iletisim Hizmetleri A.S. by 31.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider's stock valued at $4,604,000 after buying an additional 159,572 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Down 0.6 %

Shares of NYSE:TKC traded down $0.05 during mid-day trading on Thursday, hitting $7.44. The stock had a trading volume of 75,542 shares, compared to its average volume of 535,921. The company's 50 day moving average is $6.78 and its 200-day moving average is $6.92. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $4.76 and a 12-month high of $8.47. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. The firm had revenue of $1.20 billion for the quarter. On average, equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.