Frank Rimerman Advisors LLC Makes New $166,000 Investment in Turkcell Iletisim Hizmetleri AS $TKC

Frank Rimerman Advisors LLC bought a new position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 27,401 shares of the Wireless communications provider’s stock, valued at approximately $166,000.

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

Turkcell Iletisim Hizmetleri AS Stock Performance

Shares of TKC opened at $5.67 on Friday. 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 business’s 50 day moving average price is $5.89 and its 200-day moving average price is $5.92. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.35 and a 52 week high of $7.63. The stock has a market cap of $4.99 billion, a P/E ratio of 15.32 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Thursday, November 6th. The Wireless communications provider reported $0.15 earnings per share for the quarter. The company had revenue of $1.46 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%. Equities research analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on TKC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

About Turkcell Iletisim Hizmetleri AS

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.