Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 115,263 Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) in the third quarter, HoldingsChannel.com reports. The firm acquired 115,263 shares of the Wireless communications provider’s stock, valued at approximately $793,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atlas Capital Advisors LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter worth about $71,000. Verdence Capital Advisors LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the third quarter worth about $72,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the third quarter worth approximately $75,000. Aprio Wealth Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at approximately $77,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 68.2% in the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after acquiring an additional 4,545 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Turkcell Iletisim Hizmetleri A.S. stock opened at $6.61 on Friday. The stock has a 50-day simple moving average of $6.52 and a 200 day simple moving average of $7.10. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 7.24 and a beta of 0.86. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $4.48 and a 12-month high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.07 billion during the quarter.

Analyst Ratings Changes

Separately, StockNews.com cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.