Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Sold by West Family Investments Inc.

West Family Investments Inc. lessened its holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,724 shares of the Wireless communications provider’s stock after selling 7,753 shares during the period. West Family Investments Inc.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $29,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $35,000. JPMorgan Chase & Co. lifted its position in Turkcell Iletisim Hizmetleri A.S. by 70.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after acquiring an additional 2,656 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth approximately $72,000. Finally, Glenmede Trust Co. NA acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at approximately $79,000.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

NYSE:TKC opened at $7.40 on Friday. The firm has a 50-day moving average of $7.13 and a two-hundred day moving average of $6.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The stock has a market cap of $6.51 billion, a P/E ratio of 5.03 and a beta of 0.88. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $4.76 and a 1-year high of $8.47.

Analyst Upgrades and Downgrades

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

Turkcell Iletisim Hizmetleri A.S. 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.