Ethic Inc. Sells 2,210 Shares of Turkcell Iletisim Hizmetleri AS $TKC

Ethic Inc. cut its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,871 shares of the Wireless communications provider’s stock after selling 2,210 shares during the period. Ethic Inc.’s holdings in Turkcell Iletisim Hizmetleri AS were worth $425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Yousif Capital Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 14.3% during the second quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider’s stock worth $94,000 after buying an additional 1,940 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 129,670 shares of the Wireless communications provider’s stock worth $785,000 after buying an additional 1,947 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 7.9% during the second quarter. Parallel Advisors LLC now owns 29,385 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 2,142 shares in the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 9.0% during the first quarter. Atlas Capital Advisors Inc. now owns 47,690 shares of the Wireless communications provider’s stock worth $297,000 after buying an additional 3,948 shares in the last quarter. Finally, Ascent Group LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 58.8% during the first quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider’s stock worth $121,000 after buying an additional 7,189 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE TKC opened at $6.03 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 18.83 and a beta of 0.99. The stock has a fifty day simple moving average of $5.89 and a 200 day simple moving average of $5.95. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.35 and a twelve month high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. The business had revenue of $1.37 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. Sell-side analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.