Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Rating Increased to Hold at Zacks Investment Research

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

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

Other equities research analysts have also issued research reports about the company. TheStreet lowered Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. HSBC lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Citigroup lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.25.

Shares of NYSE TKC opened at $5.36 on Tuesday. The firm has a 50 day moving average price of $5.02. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $3.93 and a 52 week high of $7.16. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.79 and a current ratio of 1.81.

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

A number of institutional investors have recently added to or reduced their stakes in TKC. Financial Gravity Wealth Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth approximately $43,000. Quadrant Capital Group LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 101.0% during the 1st quarter. Quadrant Capital Group LLC now owns 12,014 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 6,036 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at approximately $65,000. Verity Asset Management Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at approximately $82,000. Finally, Virtu Financial LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 56.4% during the 1st quarter. Virtu Financial LLC now owns 28,881 shares of the Wireless communications provider’s stock valued at $155,000 after buying an additional 10,415 shares in the last quarter.

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.

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