Turkcell Iletisim Hizmetleri A.S. (TKC) Upgraded by Zacks Investment Research to Hold

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Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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

TKC has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a research report on Friday, January 18th. TheStreet raised Turkcell Iletisim Hizmetleri A.S. from a “c” rating to a “b-” rating in a research report on Thursday, February 21st. Citigroup lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research report on Monday, March 18th. VTB Capital lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, HSBC lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.25.

TKC traded up $0.04 during trading hours on Wednesday, reaching $4.74. The company’s stock had a trading volume of 6,835 shares, compared to its average volume of 519,491. The company has a current ratio of 1.81, a quick ratio of 1.79 and a debt-to-equity ratio of 0.90. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $3.93 and a fifty-two week high of $7.50.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Wednesday, February 20th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $1.05 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.32% and a return on equity of 12.09%. As a group, analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.69 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Navellier & Associates Inc increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 89.7% in the fourth quarter. Navellier & Associates Inc now owns 5,280 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 2,497 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at $35,000. Financial Gravity Wealth Inc. purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at $43,000. Financial Gravity Companies Inc. purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at $54,000. Finally, Quadrant Capital Group LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 101.0% in the first quarter. Quadrant Capital Group LLC now owns 12,014 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 6,036 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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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