Glovista Investments LLC Acquires 297,127 Shares of Turkcell Iletisim Hizmetleri AS (TKC)

Glovista Investments LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 197.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 447,523 shares of the Wireless communications provider’s stock after acquiring an additional 297,127 shares during the period. Glovista Investments LLC owned approximately 0.05% of Turkcell Iletisim Hizmetleri AS worth $3,947,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. NWQ Investment Management Company LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 26.8% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,348,823 shares of the Wireless communications provider’s stock valued at $11,897,000 after buying an additional 285,384 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Turkcell Iletisim Hizmetleri AS by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 489,291 shares of the Wireless communications provider’s stock valued at $4,313,000 after buying an additional 6,000 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 3rd quarter valued at $124,000. Wells Fargo & Company MN increased its position in shares of Turkcell Iletisim Hizmetleri AS by 5.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,450,643 shares of the Wireless communications provider’s stock valued at $12,795,000 after buying an additional 71,589 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 3rd quarter valued at $513,000. Institutional investors own 3.33% of the company’s stock.

TKC has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Saturday, September 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.00.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) traded down $0.08 on Thursday, hitting $9.60. 410,300 shares of the company were exchanged, compared to its average volume of 522,722. The company has a market cap of $8,518.40, a PE ratio of 12.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 1.62. Turkcell Iletisim Hizmetleri AS has a 1-year low of $6.36 and a 1-year high of $9.88.

The business also recently announced an annual dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 18th will be paid a $0.2887 dividend. The ex-dividend date is Friday, December 15th. This is a positive change from Turkcell Iletisim Hizmetleri AS’s previous annual dividend of $0.14. This represents a yield of 3.16%. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is presently 77.94%.

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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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