Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a sell rating to a hold rating in a research note published on Thursday, Zacks.com reports.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

TKC has been the topic of a number of other reports. Citigroup lowered Turkcell Iletisim Hizmetleri A.S. from a buy rating to a neutral rating in a research note on Monday, March 18th. TheStreet upgraded Turkcell Iletisim Hizmetleri A.S. from a c rating to a b- rating in a research note on Thursday, February 21st. VTB Capital lowered Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research note on Thursday, February 21st. Finally, HSBC lowered Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research note on Monday, May 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $7.25.

Shares of NYSE TKC opened at $5.19 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.81 and a quick ratio of 1.79. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $3.93 and a twelve month high of $7.16.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Tuesday, April 30th. The Wireless communications provider reported $0.04 earnings per share for the quarter. The business had revenue of $1.06 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.09% and a net margin of 12.32%. Equities analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.69 earnings per share for the current year.

The firm also recently announced a special dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a $0.0464 dividend. The ex-dividend date is Tuesday, June 18th. This represents a yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is currently 66.67%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brandes Investment Partners LP increased its stake in Turkcell Iletisim Hizmetleri A.S. by 1.1% in the 1st quarter. Brandes Investment Partners LP now owns 303,918 shares of the Wireless communications provider’s stock worth $1,629,000 after acquiring an additional 3,418 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 101.0% in the 1st quarter. Quadrant Capital Group LLC now owns 12,014 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 6,036 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth about $43,000. Virtu Financial LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 56.4% in the 1st quarter. Virtu Financial LLC now owns 28,881 shares of the Wireless communications provider’s stock worth $155,000 after purchasing an additional 10,415 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth about $65,000.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

Further Reading: Return On Assets

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