Bank of New York Mellon Corp Has $324,000 Stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Bank of New York Mellon Corp increased its stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 43.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,153 shares of the Wireless communications provider’s stock after buying an additional 11,917 shares during the period. Bank of New York Mellon Corp’s holdings in Turkcell Iletisim Hizmetleri AS were worth $324,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 69,099 shares of the Wireless communications provider’s stock valued at $476,000 after buying an additional 2,029 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 31.0% in the first quarter. Raymond James Trust N.A. now owns 22,644 shares of the Wireless communications provider’s stock valued at $188,000 after buying an additional 5,352 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter worth $144,000. Greenleaf Trust acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter worth $175,000. Finally, Renaissance Technologies LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth $930,000. Institutional investors and hedge funds own 5.68% of the company’s stock.

Shares of Turkcell Iletisim Hizmetleri AS (TKC) traded down 0.33% during midday trading on Friday, hitting $9.05. 257,400 shares of the stock traded hands. The company’s market capitalization is $7.96 billion. The stock has a 50 day moving average of $8.76 and a 200 day moving average of $8.36. Turkcell Iletisim Hizmetleri AS has a 1-year low of $6.35 and a 1-year high of $9.48.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $1.22 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 17.65% and a net margin of 12.16%. Equities research analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.3213 per share. The ex-dividend date of this dividend is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is currently 45.45%.

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TKC has been the topic of a number of recent research reports. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a research note on Wednesday. VTB Capital upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Friday, May 5th. BidaskClub upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday, June 14th. Finally, Citigroup Inc. upgraded shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $9.50.

Turkcell Iletisim Hizmetleri AS Company Profile

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.