Turkcell Iletisim Hizmetleri A.S. (TKC) Shares Bought by JPMorgan Chase & Co.

Share on StockTwits

JPMorgan Chase & Co. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 631.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,784,989 shares of the Wireless communications provider’s stock after purchasing an additional 2,404,352 shares during the period. JPMorgan Chase & Co.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $13,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth about $6,796,000. Millennium Management LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 2,037.8% during the second quarter. Millennium Management LLC now owns 741,551 shares of the Wireless communications provider’s stock worth $4,850,000 after purchasing an additional 706,864 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 34.5% during the third quarter. Gabelli Funds LLC now owns 718,000 shares of the Wireless communications provider’s stock worth $3,461,000 after purchasing an additional 184,000 shares in the last quarter. Aperio Group LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 67.2% during the third quarter. Aperio Group LLC now owns 495,062 shares of the Wireless communications provider’s stock worth $2,386,000 after purchasing an additional 199,047 shares in the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth about $2,191,000. Institutional investors and hedge funds own 3.60% of the company’s stock.

A number of research firms have recently commented on TKC. Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. JPMorgan Chase & Co. cut Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.75.

Shares of TKC stock opened at $5.67 on Friday. The stock has a market capitalization of $4.98 billion, a P/E ratio of 7.27 and a beta of 0.46. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $3.93 and a 52-week high of $11.29. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 1.56.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings results on Wednesday, October 24th. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.19. The firm had revenue of $993.40 million for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.65% and a net margin of 7.04%. As a group, equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.63 EPS for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Wednesday, December 26th. Investors of record on Tuesday, December 18th will be given a $0.115 dividend. This represents a yield of 2.09%. The ex-dividend date is Monday, December 17th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is presently 10.26%.

TRADEMARK VIOLATION WARNING: “Turkcell Iletisim Hizmetleri A.S. (TKC) Shares Bought by JPMorgan Chase & Co.” was first published by BBNS and is the property of of BBNS. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://baseballnewssource.com/2018/12/08/turkcell-iletisim-hizmetleri-a-s-tkc-shares-bought-by-jpmorgan-chase-co/3064261.html.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

Read More: Catch-Up Contributions

Want to see what other hedge funds are holding TKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC).

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Receive News & Ratings for Turkcell Iletisim Hizmetleri A.S. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turkcell Iletisim Hizmetleri A.S. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.