HB Wealth Management LLC Acquires New Stake in Turkcell Iletisim Hizmetleri AS $TKC

HB Wealth Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,992 shares of the Wireless communications provider’s stock, valued at approximately $67,000.

Several other large investors have also recently added to or reduced their stakes in the business. Foster Group Inc. acquired a new stake in Turkcell Iletisim Hizmetleri AS in the 2nd quarter worth about $67,000. Ascent Group LLC increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 58.8% during the 1st quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider’s stock valued at $121,000 after acquiring an additional 7,189 shares during the last quarter. Aprio Wealth Management LLC increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 130.9% during the 1st quarter. Aprio Wealth Management LLC now owns 23,304 shares of the Wireless communications provider’s stock valued at $145,000 after acquiring an additional 13,212 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 1st quarter valued at about $156,000. Finally, RHS Financial LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 1st quarter valued at about $160,000.

Turkcell Iletisim Hizmetleri AS Price Performance

TKC stock opened at $5.98 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. Turkcell Iletisim Hizmetleri AS has a 1 year low of $5.35 and a 1 year high of $7.63. The firm has a market cap of $5.26 billion, a P/E ratio of 4.07 and a beta of 0.99. The stock has a 50-day simple moving average of $5.87 and a 200-day simple moving average of $5.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The business had revenue of $1.37 billion during the quarter. On average, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TKC shares. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

About Turkcell Iletisim Hizmetleri AS

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.