Connor Clark & Lunn Investment Management Ltd. Takes $793,000 Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 115,263 shares of the Wireless communications provider's stock, valued at approximately $793,000.

Other large investors also recently added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% in the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider's stock valued at $731,000 after purchasing an additional 73,460 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 220.3% during the 3rd quarter. Blue Trust Inc. now owns 71,953 shares of the Wireless communications provider's stock worth $545,000 after acquiring an additional 49,486 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $226,000. Creative Planning raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 19.5% in the 3rd quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider's stock valued at $1,213,000 after acquiring an additional 28,819 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter worth approximately $89,000.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

TKC traded up $0.02 during trading on Friday, hitting $6.63. The stock had a trading volume of 119,665 shares, compared to its average volume of 509,008. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.48 and a 12 month high of $8.47. The company has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $7.10. The firm has a market cap of $5.83 billion, a PE ratio of 7.18 and a beta of 0.86.

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

Analyst Ratings Changes

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

About Turkcell Iletisim Hizmetleri A.S.

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.