Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday, 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. ValuEngine lowered Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Tuesday. HSBC lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday, May 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. Turkcell Iletisim Hizmetleri A.S. presently has an average rating of “Hold” and an average price target of $7.25.

TKC stock opened at $5.61 on Friday. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.93 and a 1 year high of $7.16. 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 stock’s 50 day moving average price is $5.65 and its 200 day moving average price is $5.67. The firm has a market cap of $4.75 billion, a P/E ratio of 11.69, a PEG ratio of 0.56 and a beta of 0.69.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.26% and a return on equity of 12.10%. The company had revenue of $1.07 billion during the quarter. On average, research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of TKC. Oldfield Partners LLP lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 14.0% in 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 buying an additional 721,794 shares in the last quarter. Morgan Stanley raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 6.8% in 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 last quarter. Millennium Management LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 101.6% in the 4th quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock valued at $2,504,000 after acquiring an additional 224,565 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 241.8% in the 4th quarter. Bank of New York Mellon Corp now owns 270,761 shares of the Wireless communications provider’s stock valued at $1,522,000 after acquiring an additional 191,553 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 144.3% in the 2nd quarter. Bank of America Corp DE now owns 259,902 shares of the Wireless communications provider’s stock valued at $1,424,000 after acquiring an additional 153,509 shares during the last quarter. 3.02% of the stock is currently owned by hedge funds and other institutional investors.

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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