Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded by ValuEngine

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, ValuEngine reports.

TKC has been the topic of a number of other research reports. Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. TheStreet upgraded Turkcell Iletisim Hizmetleri A.S. from a “c+” rating to a “b-” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Turkcell Iletisim Hizmetleri A.S. has a consensus rating of “Hold” and an average target price of $7.25.

Shares of Turkcell Iletisim Hizmetleri A.S. stock opened at $6.04 on Wednesday. The firm’s 50 day moving average is $5.67 and its 200 day moving average is $5.53. The firm has a market capitalization of $5.18 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.61 and a beta of 0.68. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.60 and a 1 year high of $7.16. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.74.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings data on Thursday, October 31st. The Wireless communications provider reported $0.05 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.21% and a return on equity of 11.76%. The business had revenue of $1.02 billion during the quarter.

Large investors have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at approximately $32,000. US Bancorp DE grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 170.9% during the 2nd quarter. US Bancorp DE now owns 7,112 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 4,487 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter valued at approximately $50,000. Holistic Financial Partners acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at approximately $60,000. Finally, Barclays PLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at $62,000. Institutional investors own 3.13% of the company’s stock.

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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