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

Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a sell rating to a hold rating in a report released on Friday morning, Zacks.com reports.

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

Separately, ValuEngine downgraded Turkcell Iletisim Hizmetleri A.S. from a sell rating to a strong sell rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $7.25.



Turkcell Iletisim Hizmetleri A.S. stock opened at $5.82 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.71 and a debt-to-equity ratio of 0.84. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.37 and a 12 month high of $7.16. The stock’s 50 day simple moving average is $5.62 and its two-hundred day simple moving average is $5.51. The firm has a market cap of $5.22 billion, a PE ratio of 12.13, a P/E/G ratio of 0.61 and a beta of 0.73.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.09). The company had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.10% and a net margin of 12.26%. On average, equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.68 EPS for the current year.

The company also recently disclosed a — dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be paid a $0.202 dividend. This represents a yield of 3.3%. The ex-dividend date is Thursday, October 31st. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is currently 8.33%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $32,000. US Bancorp DE raised its stake in Turkcell Iletisim Hizmetleri A.S. by 170.9% in the 2nd quarter. US Bancorp DE now owns 7,112 shares of the Wireless communications provider’s stock valued at $39,000 after purchasing an additional 4,487 shares during the last quarter. Holistic Financial Partners acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $60,000. OneAscent Financial Services LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $66,000. Finally, First Trust Advisors LP acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at $69,000. 3.06% of the stock is owned by hedge funds and other institutional investors.

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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