UBS Group AG Purchases 520,178 Shares of Turkcell Iletisim Hizmetleri AS $TKC

UBS Group AG grew its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 230.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 745,889 shares of the Wireless communications provider’s stock after purchasing an additional 520,178 shares during the period. UBS Group AG owned about 0.08% of Turkcell Iletisim Hizmetleri AS worth $4,080,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TKC. WealthCollab LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 59.7% during the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 2,244 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 197.8% during the fourth quarter. Farther Finance Advisors LLC now owns 8,603 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 5,714 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Turkcell Iletisim Hizmetleri AS by 102.5% during the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 3,963 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $56,000. Finally, Fox Run Management L.L.C. bought a new stake in Turkcell Iletisim Hizmetleri AS during the third quarter worth about $63,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Up 0.3%

TKC opened at $5.84 on Friday. The company has a market cap of $5.13 billion, a P/E ratio of 12.16 and a beta of 1.02. The business’s 50-day moving average price is $6.23 and its 200-day moving average price is $6.16. The company has a current ratio of 1.69, a quick ratio of 1.68 and a debt-to-equity ratio of 0.58. Turkcell Iletisim Hizmetleri AS has a 12 month low of $5.35 and a 12 month high of $7.18.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 EPS for the quarter. The firm had revenue of $1.54 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%. On average, equities analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

About Turkcell Iletisim Hizmetleri AS

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.