Oldfield Partners LLP Grows Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Oldfield Partners LLP grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,081,098 shares of the Wireless communications provider’s stock after purchasing an additional 188,100 shares during the quarter. Turkcell Iletisim Hizmetleri A.S. makes up approximately 3.3% of Oldfield Partners LLP’s portfolio, making the stock its 13th biggest position. Oldfield Partners LLP owned 0.69% of Turkcell Iletisim Hizmetleri A.S. worth $35,149,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 13.5% during the third quarter. Campbell & CO Investment Adviser LLC now owns 37,664 shares of the Wireless communications provider’s stock valued at $218,000 after acquiring an additional 4,476 shares in the last quarter. US Bancorp DE raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 170.9% during the second quarter. US Bancorp DE now owns 7,112 shares of the Wireless communications provider’s stock valued at $39,000 after acquiring an additional 4,487 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at approximately $32,000. Gabelli Funds LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 1.1% during the second quarter. Gabelli Funds LLC now owns 645,000 shares of the Wireless communications provider’s stock valued at $3,535,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Thomas White International Ltd. raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 3.7% during the second quarter. Thomas White International Ltd. now owns 285,154 shares of the Wireless communications provider’s stock valued at $1,563,000 after acquiring an additional 10,139 shares in the last quarter. 3.06% of the stock is owned by hedge funds and other institutional investors.

TKC traded up $0.08 during trading on Tuesday, reaching $5.38. The stock had a trading volume of 13,790 shares, compared to its average volume of 520,493. The stock’s 50 day moving average is $5.64 and its two-hundred day moving average is $5.42. The company has a current ratio of 1.73, a quick ratio of 1.71 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.56 and a beta of 0.70. Turkcell Iletisim Hizmetleri A.S. has a one year low of $4.52 and a one year high of $7.16.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.10% and a net margin of 12.26%. On average, equities research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.

The company also recently disclosed a — dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be issued a $0.202 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 3.3%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 8.33%.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Friday, September 27th. ValuEngine downgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Turkcell Iletisim Hizmetleri A.S. presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Turkcell Iletisim Hizmetleri A.S. Profile

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: Earnings Per Share

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.