Bank of America Corp DE Purchases 153,509 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Bank of America Corp DE increased its position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 144.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 259,902 shares of the Wireless communications provider’s stock after purchasing an additional 153,509 shares during the quarter. Bank of America Corp DE’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,424,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE grew its stake in Turkcell Iletisim Hizmetleri A.S. by 170.9% in the second quarter. US Bancorp DE now owns 7,112 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 4,487 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $32,000. Gabelli Funds LLC grew its stake in Turkcell Iletisim Hizmetleri A.S. by 1.1% in the second quarter. Gabelli Funds LLC now owns 645,000 shares of the Wireless communications provider’s stock worth $3,535,000 after purchasing an additional 7,000 shares in the last quarter. Thomas White International Ltd. grew its stake in Turkcell Iletisim Hizmetleri A.S. by 3.7% in the second quarter. Thomas White International Ltd. now owns 285,154 shares of the Wireless communications provider’s stock worth $1,563,000 after purchasing an additional 10,139 shares in the last quarter. Finally, Holistic Financial Partners bought a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $60,000. 3.06% of the stock is currently owned by institutional investors.

Turkcell Iletisim Hizmetleri A.S. stock opened at $5.57 on Friday. The business has a fifty day moving average of $5.63 and a two-hundred day moving average of $5.42. The company has a quick ratio of 1.71, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.70 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.55 and a beta of 0.70. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $4.60 and a twelve month high of $7.16.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $1.07 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.10% and a net margin of 12.26%. Equities analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.

The business also recently announced a — dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.202 per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 3.3%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is currently 8.33%.

TKC has been the topic of several research analyst reports. ValuEngine cut Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Turkcell Iletisim Hizmetleri A.S. has a consensus rating of “Hold” and an average target price of $7.25.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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