Turkcell Iletisim Hizmetleri A.S. (TKC) Sees Reduced Holding From Rhumbline Advisers

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is among the under-the-radar dividend stocks benefiting from AI. During the first quarter, Rhumbline Advisers trimmed its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.9% through the sale of 21,761 shares. According to a recent disclosure with the SEC, the firm now owns 146,534 shares of the company’s stock, translating to an investment worth $911,000.

What’s interesting about Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is its focus on strategic infrastructure investments for the much-anticipated technology transitions. As revealed in the latest earnings, the company allocated more than 80% of the quarter’s CapEx to mobile and fixed networks in an attempt to further solidify its capacity for communication services.

Additionally, Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) invested in data centers to capitalize on the growing demand. For the last 30 years, the company has maintained a strong market presence with its innovative offerings and disciplined expense management.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a Turkish provider of converged telecommunication and technology services. The core offerings of the company, formed in 1993, include tower and satellite services, fixed data services, international roaming services, and voice services.

While we acknowledge the potential of TKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.