Northern Trust Corp lifted its stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 648,346 shares of the Wireless communications provider’s stock after buying an additional 81,251 shares during the period. Northern Trust Corp owned approximately 0.07% of Turkcell Iletisim Hizmetleri AS worth $5,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TKC. Bank of New York Mellon Corp increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 43.8% in the first quarter. Bank of New York Mellon Corp now owns 39,153 shares of the Wireless communications provider’s stock worth $324,000 after buying an additional 11,917 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 41.2% in the first quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 4,136 shares during the period. UBS Group AG increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 8.5% in the first quarter. UBS Group AG now owns 98,670 shares of the Wireless communications provider’s stock worth $816,000 after buying an additional 7,695 shares during the period. KCG Holdings Inc. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 33.3% in the first quarter. KCG Holdings Inc. now owns 20,172 shares of the Wireless communications provider’s stock worth $167,000 after buying an additional 5,042 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 55.1% in the first quarter. Bank of America Corp DE now owns 1,296,907 shares of the Wireless communications provider’s stock worth $10,738,000 after buying an additional 460,832 shares during the period. Hedge funds and other institutional investors own 4.85% of the company’s stock.

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Several research analysts have recently commented on TKC shares. Citigroup Inc. upgraded Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday, July 25th. BidaskClub upgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. TheStreet upgraded Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Saturday, September 16th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Turkcell Iletisim Hizmetleri AS currently has an average rating of “Buy” and an average target price of $11.00.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) opened at $9.24 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $8,060.80, a PE ratio of 11.45 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a 12 month low of $6.35 and a 12 month high of $9.79.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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