Connor Clark & Lunn Investment Management Ltd. Has $278,000 Stake in Turkcell Iletisim Hizmetleri AS $TKC

Connor Clark & Lunn Investment Management Ltd. decreased its position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 17.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,955 shares of the Wireless communications provider’s stock after selling 9,688 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Turkcell Iletisim Hizmetleri AS were worth $278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Foster Group Inc. bought a new stake in Turkcell Iletisim Hizmetleri AS in the second quarter worth approximately $67,000. HB Wealth Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at $67,000. Yousif Capital Management LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 14.3% in the second quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider’s stock worth $94,000 after purchasing an additional 1,940 shares in the last quarter. Ascent Group LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 58.8% in the first quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 7,189 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its position in Turkcell Iletisim Hizmetleri AS by 130.9% during the first quarter. Aprio Wealth Management LLC now owns 23,304 shares of the Wireless communications provider’s stock worth $145,000 after buying an additional 13,212 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Up 0.6%

Shares of TKC stock opened at $5.69 on Friday. Turkcell Iletisim Hizmetleri AS has a 12 month low of $5.35 and a 12 month high of $7.63. 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 firm has a market cap of $5.00 billion, a PE ratio of 15.36 and a beta of 0.97. The stock has a 50 day moving average of $5.88 and a 200-day moving average of $5.92.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its earnings results on Thursday, November 6th. The Wireless communications provider reported $0.15 EPS 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 $1.46 billion during the quarter. On average, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TKC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday. Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average 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.