Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 16.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,849 shares of the Wireless communications provider’s stock after selling 2,876 shares during the quarter. SVB Wealth LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $71,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 11.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 25,895 shares of the Wireless communications provider’s stock valued at $125,000 after purchasing an additional 2,707 shares during the last quarter. Cerity Partners LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 3.7% in the 4th quarter. Cerity Partners LLC now owns 100,373 shares of the Wireless communications provider’s stock valued at $483,000 after purchasing an additional 3,557 shares during the last quarter. Ballentine Partners LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 19.3% in the 4th quarter. Ballentine Partners LLC now owns 42,452 shares of the Wireless communications provider’s stock valued at $204,000 after purchasing an additional 6,853 shares during the last quarter. Colonial River Wealth Management LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 21.1% in the 4th quarter. Colonial River Wealth Management LLC now owns 12,190 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Caprock Group LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 16.2% in the 4th quarter. Caprock Group LLC now owns 24,154 shares of the Wireless communications provider’s stock valued at $116,000 after purchasing an additional 3,361 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a report on Saturday, March 30th.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

NYSE TKC opened at $5.89 on Wednesday. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $3.52 and a fifty-two week high of $5.90. The business has a 50 day moving average price of $5.31 and a two-hundred day moving average price of $5.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.77 and a current ratio of 1.78.

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.