Hsbc Holdings PLC Sells 399,912 Shares of Turkcell Iletisim Hizmetleri AS $TKC

Hsbc Holdings PLC decreased its holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 86.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,907 shares of the Wireless communications provider’s stock after selling 399,912 shares during the quarter. Hsbc Holdings PLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $388,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aquatic Capital Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 89.4% in the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 2,145 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 17.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider’s stock worth $77,000 after purchasing an additional 1,816 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter worth $131,000. Renaissance Technologies LLC bought a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at $148,000. Finally, Advisors Preferred LLC bought a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at $156,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Stock Performance

Shares of TKC opened at $5.61 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $4.93 billion, a P/E ratio of 3.81 and a beta of 0.99. The firm’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $6.19. Turkcell Iletisim Hizmetleri AS has a 12 month low of $5.47 and a 12 month high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. The firm had revenue of $1.37 billion for the quarter. As a group, analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Turkcell Iletisim Hizmetleri AS 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.