Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of NYSE TKC opened at $6.32 on Monday. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $4.07 and a 52-week high of $8.47. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 6.77 and a beta of 0.84. The stock has a 50 day moving average price of $6.95 and a 200 day moving average price of $6.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 7.72% and a net margin of 8.75%. The business had revenue of $1.07 billion during the quarter. Sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TKC. Sivia Capital Partners LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth approximately $96,000. PNC Financial Services Group Inc. lifted its holdings in Turkcell Iletisim Hizmetleri A.S. by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock worth $347,000 after buying an additional 3,032 shares during the period. BTC Capital Management Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at $1,073,000. Ballentine Partners LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 26.9% in the 1st quarter. Ballentine Partners LLC now owns 53,871 shares of the Wireless communications provider’s stock valued at $280,000 after acquiring an additional 11,419 shares during the period. Finally, Janiczek Wealth Management LLC raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 7.7% in the 1st quarter. Janiczek Wealth Management LLC now owns 27,892 shares of the Wireless communications provider’s stock worth $145,000 after acquiring an additional 1,997 shares in the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.