Russell Investments Group Ltd. lowered its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 37.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 146,406 shares of the Wireless communications provider’s stock after selling 86,768 shares during the quarter. Russell Investments Group Ltd.’s holdings in Turkcell Iletisim Hizmetleri AS were worth $1,200,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TKC. Wells Fargo & Company MN grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 41.2% during the 1st quarter. Wells Fargo & Company MN now owns 1,336,833 shares of the Wireless communications provider’s stock worth $11,068,000 after purchasing an additional 389,733 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 43.8% during the 1st quarter. Bank of New York Mellon Corp now owns 39,153 shares of the Wireless communications provider’s stock worth $324,000 after purchasing an additional 11,917 shares during the period. Comerica Bank grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 2.0% during the 1st quarter. Comerica Bank now owns 52,412 shares of the Wireless communications provider’s stock worth $458,000 after purchasing an additional 1,033 shares during the period. World Asset Management Inc grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1.5% during the 1st quarter. World Asset Management Inc now owns 54,833 shares of the Wireless communications provider’s stock worth $454,000 after purchasing an additional 821 shares during the period. Finally, Gabelli Funds LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1.0% during the 1st quarter. Gabelli Funds LLC now owns 637,000 shares of the Wireless communications provider’s stock worth $5,274,000 after purchasing an additional 6,000 shares during the period. Institutional investors and hedge funds own 4.77% of the company’s stock.

Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded up 1.81% during trading on Monday, reaching $9.57. The company’s stock had a trading volume of 115,216 shares. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.35 and a 52-week high of $9.69. The stock’s 50-day moving average is $9.23 and its 200 day moving average is $8.55. The firm’s market capitalization is $8.42 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business had revenue of $1.22 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 17.65% and a net margin of 12.16%. On average, analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be paid a $0.3213 dividend. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is 45.45%.

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TKC has been the subject of a number of analyst reports. BidaskClub upgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Wednesday, June 14th. TheStreet upgraded Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. ValuEngine cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Finally, Citigroup Inc. upgraded Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Turkcell Iletisim Hizmetleri AS currently has an average rating of “Buy” and a consensus target price of $9.50.

Turkcell Iletisim Hizmetleri AS 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.

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

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