Goldman Sachs Group upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a neutral rating to a buy rating in a report released on Thursday morning, Marketbeat.com reports.

Separately, Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a sell rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Turkcell Iletisim Hizmetleri A.S. presently has a consensus rating of Buy and a consensus target price of $12.00.

Turkcell Iletisim Hizmetleri A.S. (NYSE TKC) opened at $9.88 on Thursday. The stock has a market cap of $8,764.80, a PE ratio of 14.53 and a beta of 1.01. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.53. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $7.40 and a 1 year high of $11.29.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thomas White International Ltd. lifted its position in Turkcell Iletisim Hizmetleri A.S. by 7.5% in the 4th quarter. Thomas White International Ltd. now owns 218,791 shares of the Wireless communications provider’s stock valued at $2,232,000 after acquiring an additional 15,256 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Turkcell Iletisim Hizmetleri A.S. by 160.8% in the 4th quarter. Bank of New York Mellon Corp now owns 151,709 shares of the Wireless communications provider’s stock valued at $1,548,000 after acquiring an additional 93,534 shares in the last quarter. Wells Fargo & Company MN lifted its position in Turkcell Iletisim Hizmetleri A.S. by 76.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,566,610 shares of the Wireless communications provider’s stock valued at $26,179,000 after acquiring an additional 1,115,967 shares in the last quarter. First Trust Advisors LP lifted its position in Turkcell Iletisim Hizmetleri A.S. by 83.8% in the 4th quarter. First Trust Advisors LP now owns 105,484 shares of the Wireless communications provider’s stock valued at $1,076,000 after acquiring an additional 48,087 shares in the last quarter. Finally, Renaissance Group LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at about $17,386,000. 3.44% of the stock is currently owned by institutional investors and hedge funds.

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About Turkcell Iletisim Hizmetleri A.S.

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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