Turkcell Iletisim Hizmetleri AS (TKC) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 36.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 19,332 shares of the Wireless communications provider’s stock after acquiring an additional 5,169 shares during the period. Ameriprise Financial Inc.’s holdings in Turkcell Iletisim Hizmetleri AS were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 22,845 shares of the Wireless communications provider’s stock worth $188,000 after acquiring an additional 201 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 3.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,379,054 shares of the Wireless communications provider’s stock worth $11,309,000 after acquiring an additional 42,221 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter worth $124,000. Thomas White International Ltd. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter worth $1,575,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 36.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 53,596 shares of the Wireless communications provider’s stock worth $439,000 after acquiring an additional 14,443 shares during the last quarter. 3.18% of the stock is owned by institutional investors.

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Turkcell Iletisim Hizmetleri AS (NYSE TKC) opened at $9.30 on Monday. The company has a market cap of $8,184.00, a price-to-earnings ratio of 11.63 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.35 and a 52-week high of $9.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.61.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri AS from a “sell” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Saturday, October 21st. TheStreet raised shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. BidaskClub raised shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Citigroup Inc. raised shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Turkcell Iletisim Hizmetleri AS presently has an average rating of “Buy” and an average target price of $11.00.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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