BNP Paribas Financial Markets Acquires 159,572 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

BNP Paribas Financial Markets boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) by 31.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 669,247 shares of the Wireless communications provider's stock after purchasing an additional 159,572 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Turkcell Iletisim Hizmetleri A.S. worth $4,604,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TKC. Atlas Capital Advisors LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at about $71,000. Verdence Capital Advisors LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $72,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $75,000. Aprio Wealth Management LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at about $77,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 68.2% during the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider's stock valued at $85,000 after acquiring an additional 4,545 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of NYSE TKC traded down $0.01 during trading on Wednesday, reaching $6.66. 336,505 shares of the company traded hands, compared to its average volume of 506,088. The firm has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $7.11. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.86 billion, a PE ratio of 7.16 and a beta of 0.86. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $4.48 and a 52-week high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $1.07 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%.

Analyst Ratings Changes

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.