JPMorgan Chase & Co. Grows Stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

JPMorgan Chase & Co. increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 70.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,411 shares of the Wireless communications provider’s stock after acquiring an additional 2,656 shares during the period. JPMorgan Chase & Co.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TKC. BNP Paribas Financial Markets grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 31.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after buying an additional 159,572 shares in the last quarter. Creative Planning grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 19.5% during the 3rd quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock valued at $1,213,000 after buying an additional 28,819 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at approximately $793,000. First Trust Direct Indexing L.P. lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 108,897 shares of the Wireless communications provider’s stock valued at $749,000 after purchasing an additional 3,434 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 24.2% in the 3rd quarter. Cerity Partners LLC now owns 86,760 shares of the Wireless communications provider’s stock valued at $597,000 after purchasing an additional 16,909 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Stock Up 1.2 %

NYSE:TKC opened at $7.47 on Wednesday. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.76 and a 1 year high of $8.47. The business has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $6.87. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. 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.