Bank of Montreal Can grew its position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 26.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,378 shares of the Wireless communications provider’s stock after purchasing an additional 32,042 shares during the period. Bank of Montreal Can’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 2,037.8% in the 2nd quarter. Millennium Management LLC now owns 741,551 shares of the Wireless communications provider’s stock valued at $4,850,000 after purchasing an additional 706,864 shares during the period. OLD Mission Capital LLC boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 466.0% in the 2nd quarter. OLD Mission Capital LLC now owns 168,347 shares of the Wireless communications provider’s stock valued at $1,101,000 after purchasing an additional 138,603 shares during the period. Renaissance Technologies LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $6,796,000. Brandes Investment Partners LP bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $2,191,000. Finally, Stevens Capital Management LP bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $281,000. Hedge funds and other institutional investors own 3.60% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a report on Thursday, November 22nd. JPMorgan Chase & Co. downgraded shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a report on Monday, September 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Turkcell Iletisim Hizmetleri A.S. currently has an average rating of “Hold” and a consensus target price of $6.75.

Shares of NYSE:TKC traded down $0.04 during midday trading on Friday, reaching $5.67. 576,762 shares of the company’s stock were exchanged, compared to its average volume of 848,454. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.27 and a beta of 0.46. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $3.93 and a 12 month 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 released its quarterly earnings data on Wednesday, October 24th. The Wireless communications provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.19. Turkcell Iletisim Hizmetleri A.S. had a net margin of 7.04% and a return on equity of 12.65%. The company had revenue of $993.40 million during the quarter. Sell-side analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.63 EPS for the current year.

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

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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.

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

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