Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

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

Shares of Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded down $0.08 during mid-day trading on Friday, hitting $9.99. The company’s stock had a trading volume of 434,500 shares, compared to its average volume of 354,867. The firm has a market cap of $8,861.60, a P/E ratio of 14.69 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.50 and a 52-week high of $10.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 1.62.

Several hedge funds have recently modified their holdings of the business. Oldfield Partners LLP boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 5.0% in the 3rd quarter. Oldfield Partners LLP now owns 4,042,096 shares of the Wireless communications provider’s stock valued at $35,650,000 after purchasing an additional 194,300 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 2.6% in the 2nd quarter. Macquarie Group Ltd. now owns 3,277,981 shares of the Wireless communications provider’s stock valued at $26,881,000 after purchasing an additional 81,639 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1.7% in the 2nd quarter. Lazard Asset Management LLC now owns 3,110,211 shares of the Wireless communications provider’s stock valued at $25,503,000 after purchasing an additional 51,237 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 5.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,450,643 shares of the Wireless communications provider’s stock valued at $12,795,000 after purchasing an additional 71,589 shares in the last quarter. Finally, NWQ Investment Management Company LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 26.8% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,348,823 shares of the Wireless communications provider’s stock valued at $11,897,000 after purchasing an additional 285,384 shares in the last quarter. 3.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

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