Turkcell Iletisim Hizmetleri A.S. (TKC) Given Consensus Rating of “Hold” by Brokerages

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company.

TKC has been the topic of several recent analyst reports. TheStreet upgraded Turkcell Iletisim Hizmetleri A.S. from a “c” rating to a “b-” rating in a research note on Thursday, February 21st. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research note on Tuesday, January 22nd. JPMorgan Chase & Co. upgraded Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a research note on Friday, January 18th. VTB Capital downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Citigroup downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research note on Monday, March 18th.

TKC stock traded down $0.18 on Friday, reaching $5.48. 387,317 shares of the company traded hands, compared to its average volume of 593,941. Turkcell Iletisim Hizmetleri A.S. has a one year low of $3.93 and a one year high of $9.01. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 0.82. The firm has a market cap of $4.82 billion, a PE ratio of 11.42 and a beta of 0.63.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Wednesday, February 20th. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.77% and a return on equity of 12.65%. The company had revenue of $1.05 billion for the quarter. On average, research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.82 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Navellier & Associates Inc lifted its position in Turkcell Iletisim Hizmetleri A.S. by 89.7% during the fourth quarter. Navellier & Associates Inc now owns 5,280 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 2,497 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at about $35,000. Financial Gravity Wealth Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the first quarter valued at about $43,000. Financial Gravity Companies Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at about $54,000. Finally, Mackenzie Financial Corp bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at about $65,000.

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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