Turkcell Iletisim Hizmetleri A.S. (TKC) Downgraded by TheStreet

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday, March 29th, TheStreetRatingsTable reports.

A number of other brokerages have also weighed in on TKC. Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Tuesday, January 22nd. JPMorgan Chase & Co. upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a report on Friday, January 18th. VTB Capital lowered shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, Citigroup lowered shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.25.

Shares of TKC traded down $0.06 during mid-day trading on Friday, reaching $5.31. The company had a trading volume of 322,881 shares, compared to its average volume of 583,937. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 0.82. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $3.93 and a 52 week high of $8.90. The stock has a market cap of $4.73 billion, a P/E ratio of 11.06 and a beta of 0.63.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings results on Wednesday, February 20th. The Wireless communications provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.65% and a net margin of 9.77%. The company had revenue of $1.05 billion during the quarter. On average, equities analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.82 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in TKC. JPMorgan Chase & Co. raised its stake in Turkcell Iletisim Hizmetleri A.S. by 631.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,784,989 shares of the Wireless communications provider’s stock valued at $13,423,000 after buying an additional 2,404,352 shares during the last quarter. FMR LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 426.6% during the 3rd quarter. FMR LLC now owns 1,833,407 shares of the Wireless communications provider’s stock valued at $8,837,000 after buying an additional 1,485,233 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $137,000. Hsbc Holdings PLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 63.5% during the 3rd quarter. Hsbc Holdings PLC now owns 63,954 shares of the Wireless communications provider’s stock valued at $308,000 after buying an additional 24,832 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $405,000.

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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