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

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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 report released on Friday morning, Zacks.com reports.

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

Separately, ValuEngine lowered shares of Turkcell Iletisim Hizmetleri A.S. from a sell rating to a strong sell rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $7.25.

NYSE:TKC opened at $5.93 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.71 and a current ratio of 1.73. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.61 and a beta of 0.73. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.37 and a 52 week high of $7.16. The firm has a 50-day moving average price of $5.61 and a two-hundred day moving average price of $5.52.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.26% and a return on equity of 12.10%. As a group, sell-side analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Morgan Stanley grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 6.8% during the 2nd quarter. Morgan Stanley now owns 7,199,306 shares of the Wireless communications provider’s stock valued at $39,452,000 after acquiring an additional 455,800 shares during the period. Oldfield Partners LLP grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 14.0% during the 2nd quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock valued at $32,294,000 after acquiring an additional 721,794 shares during the period. Aperio Group LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 2.6% during the 2nd quarter. Aperio Group LLC now owns 653,798 shares of the Wireless communications provider’s stock valued at $3,583,000 after acquiring an additional 16,364 shares during the period. Gabelli Funds LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 1.1% during the 2nd quarter. Gabelli Funds LLC now owns 645,000 shares of the Wireless communications provider’s stock valued at $3,535,000 after acquiring an additional 7,000 shares during the period. Finally, Northern Trust Corp grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 13.5% during the 2nd quarter. Northern Trust Corp now owns 468,894 shares of the Wireless communications provider’s stock valued at $2,569,000 after acquiring an additional 55,682 shares during the period. Hedge funds and other institutional investors own 3.07% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.

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