Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Raised 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 note issued to investors on Thursday, Zacks.com reports.

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

Several other research firms have also recently weighed in on TKC. TheStreet cut Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research report on Thursday, October 7th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Turkcell Iletisim Hizmetleri A.S. in a research report on Thursday, August 19th.

Shares of TKC stock opened at $4.24 on Thursday. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.18 and a 12 month high of $6.10. The company has a quick ratio of 1.58, a current ratio of 1.61 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $4.58 and its two-hundred day moving average is $4.63. The company has a market cap of $3.73 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Thursday, August 12th. The Wireless communications provider reported $0.11 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 19.42% and a net margin of 14.82%. The company had revenue of $814.58 million for the quarter. As a group, equities analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.76 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Knowledge Leaders Capital LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter worth $48,000. Trexquant Investment LP bought a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter worth $49,000. Corient Capital Partners LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter worth $53,000. XTX Topco Ltd bought a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter worth $58,000. Finally, JBF Capital Inc. bought a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter worth $70,000. 3.34% of the stock is owned by hedge funds and other institutional investors.

Turkcell Iletisim Hizmetleri A.S. Company Profile

TURKCELL Iletisim Hizmetleri AS is engages in the provision of communication and technology services. It operates through the following segments: Turkcell Turkey, Turkcell International, and All Other. The Turkcell Turkey segment includes the operations of information and entertainment services in Turkey and Azerbaijan, and of non-group call center.

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