Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a strong sell rating to a sell rating in a report published on Thursday, ValuEngine reports.

Several other research firms also recently issued reports on TKC. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a sell rating to a hold rating in a research note on Tuesday, June 25th. HSBC downgraded Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $7.25.

Shares of TKC traded down $0.10 during trading hours on Thursday, hitting $5.44. 3,942 shares of the company were exchanged, compared to its average volume of 484,317. The company has a market capitalization of $4.76 billion, a P/E ratio of 11.27, a PEG ratio of 0.49 and a beta of 0.69. The company’s 50 day simple moving average is $5.59. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $3.93 and a 52 week high of $7.16. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.79 and a current ratio of 1.81.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.07 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.99% and a net margin of 12.26%. On average, equities analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKC. Oldfield Partners LLP grew its position in Turkcell Iletisim Hizmetleri A.S. by 14.0% during the 2nd quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock worth $32,294,000 after acquiring an additional 721,794 shares during the last quarter. Millennium Management LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 101.6% during the 4th quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock worth $2,504,000 after acquiring an additional 224,565 shares during the last quarter. Bank of New York Mellon Corp grew its position in Turkcell Iletisim Hizmetleri A.S. by 241.8% during the 4th quarter. Bank of New York Mellon Corp now owns 270,761 shares of the Wireless communications provider’s stock worth $1,522,000 after acquiring an additional 191,553 shares during the last quarter. Marshall Wace LLP bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth approximately $482,000. Finally, Thomas White International Ltd. grew its position in Turkcell Iletisim Hizmetleri A.S. by 30.1% during the 1st quarter. Thomas White International Ltd. now owns 275,015 shares of the Wireless communications provider’s stock worth $1,474,000 after acquiring an additional 63,684 shares during the last quarter. Institutional investors and hedge funds own 3.03% of the company’s stock.

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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