Sequoia Financial Advisors LLC Has $274,000 Stock Holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Sequoia Financial Advisors LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCFree Report) by 21.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,736 shares of the Wireless communications provider’s stock after buying an additional 9,176 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 27.6% during the first quarter. Lindbrook Capital LLC now owns 9,540 shares of the Wireless communications provider’s stock worth $50,000 after acquiring an additional 2,065 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 7.7% in the first quarter. Janiczek Wealth Management LLC now owns 27,892 shares of the Wireless communications provider’s stock valued at $145,000 after purchasing an additional 1,997 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 26.9% during the first quarter. Ballentine Partners LLC now owns 53,871 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 11,419 shares during the period. BTC Capital Management Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the first quarter worth about $1,073,000. Finally, PNC Financial Services Group Inc. raised its position in Turkcell Iletisim Hizmetleri A.S. by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock valued at $347,000 after buying an additional 3,032 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Wednesday.

Get Our Latest Stock Analysis on Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Turkcell Iletisim Hizmetleri A.S. stock opened at $8.08 on Wednesday. The company has a fifty day simple moving average of $7.12 and a 200 day simple moving average of $5.95. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.45. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $3.71 and a 1-year high of $8.40.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Free Report) last announced its quarterly earnings data on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.51% and a net margin of 10.07%. The company had revenue of $996.26 million during the quarter. Sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.52 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.169 dividend. This represents a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10.

About Turkcell Iletisim Hizmetleri A.S.

(Free Report)

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.

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

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