DekaBank Deutsche Girozentrale lowered its stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 13.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,487 shares of the Wireless communications provider’s stock after selling 3,100 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Turkcell Iletisim Hizmetleri AS were worth $167,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TKC. Wetherby Asset Management Inc. increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 24,876 shares of the Wireless communications provider’s stock valued at $204,000 after buying an additional 188 shares in the last quarter. NGAM Advisors L.P. increased its position in Turkcell Iletisim Hizmetleri AS by 0.3% in the second quarter. NGAM Advisors L.P. now owns 518,581 shares of the Wireless communications provider’s stock worth $4,252,000 after buying an additional 1,485 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Turkcell Iletisim Hizmetleri AS during the second quarter worth $275,000. Oldfield Partners LLP increased its position in Turkcell Iletisim Hizmetleri AS by 22.5% in the second quarter. Oldfield Partners LLP now owns 3,847,796 shares of the Wireless communications provider’s stock worth $31,552,000 after buying an additional 707,124 shares during the period. Finally, Bank of Montreal Can increased its position in Turkcell Iletisim Hizmetleri AS by 622.1% in the second quarter. Bank of Montreal Can now owns 89,956 shares of the Wireless communications provider’s stock worth $738,000 after buying an additional 77,498 shares during the period. 4.77% of the stock is owned by institutional investors.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) opened at 9.51 on Thursday. The company’s market cap is $8.37 billion. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.35 and a 52-week high of $9.63. The company has a 50-day moving average of $8.92 and a 200-day moving average of $8.43.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Turkcell Iletisim Hizmetleri AS had a return on equity of 17.65% and a net margin of 12.16%. The company had revenue of $1.22 billion during the quarter. On average, equities research analysts expect that Turkcell Iletisim Hizmetleri AS will post $0.66 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be issued a $0.3213 dividend. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s payout ratio is 45.45%.

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A number of research firms recently weighed in on TKC. VTB Capital raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. BidaskClub raised shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Citigroup Inc. raised shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $9.50.

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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