Centiva Capital LP Buys New Holdings in Turkcell Iletisim Hizmetleri AS $TKC

Centiva Capital LP purchased a new position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 130,507 shares of the Wireless communications provider’s stock, valued at approximately $786,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TKC. Ameriprise Financial Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the third quarter valued at approximately $67,000. Creative Planning lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 65.1% in the 3rd quarter. Creative Planning now owns 396,469 shares of the Wireless communications provider’s stock worth $2,387,000 after purchasing an additional 156,352 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 106.6% in the 3rd quarter. Brooklyn Investment Group now owns 16,665 shares of the Wireless communications provider’s stock worth $100,000 after purchasing an additional 8,599 shares in the last quarter. Two Sigma Investments LP grew its position in Turkcell Iletisim Hizmetleri AS by 103.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock valued at $11,840,000 after purchasing an additional 1,000,311 shares during the period. Finally, Quadrature Capital Ltd grew its position in Turkcell Iletisim Hizmetleri AS by 580.7% in the 3rd quarter. Quadrature Capital Ltd now owns 417,557 shares of the Wireless communications provider’s stock valued at $2,512,000 after purchasing an additional 356,211 shares during the period.

Turkcell Iletisim Hizmetleri AS Stock Down 1.0%

TKC stock opened at $6.15 on Monday. The firm has a market capitalization of $5.41 billion, a PE ratio of 13.36 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.35 and a twelve month high of $7.60. The stock’s 50 day moving average is $6.44 and its 200-day moving average is $6.04.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%.The business had revenue of $1.50 billion during the quarter. Sell-side analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.