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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Several research analysts recently commented on TKC shares. TheStreet raised shares of Turkcell Iletisim Hizmetleri A.S. from a “c+” rating to a “b-” rating in a report on Monday, November 25th. Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Finally, ValuEngine raised shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Friday, January 3rd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 6.8% in the 2nd quarter. Morgan Stanley now owns 7,199,306 shares of the Wireless communications provider’s stock valued at $39,452,000 after purchasing an additional 455,800 shares during the period. Oldfield Partners LLP boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 3.2% in the 3rd quarter. Oldfield Partners LLP now owns 6,081,098 shares of the Wireless communications provider’s stock valued at $35,149,000 after purchasing an additional 188,100 shares during the period. Bank of America Corp DE boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 144.3% in the 2nd quarter. Bank of America Corp DE now owns 259,902 shares of the Wireless communications provider’s stock valued at $1,424,000 after purchasing an additional 153,509 shares during the period. Northern Trust Corp boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 13.5% in the 2nd quarter. Northern Trust Corp now owns 468,894 shares of the Wireless communications provider’s stock valued at $2,569,000 after purchasing an additional 55,682 shares during the period. Finally, BlackRock Inc. boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 98.3% in the 2nd quarter. BlackRock Inc. now owns 85,015 shares of the Wireless communications provider’s stock valued at $466,000 after purchasing an additional 42,152 shares during the period. 3.13% of the stock is owned by institutional investors.

TKC traded down $0.07 on Friday, hitting $6.09. The company’s stock had a trading volume of 149,000 shares, compared to its average volume of 254,125. The company’s 50 day simple moving average is $5.91 and its 200-day simple moving average is $5.71. The firm has a market cap of $5.42 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 0.54 and a beta of 0.67. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.60 and a 12 month high of $7.16. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.74.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Thursday, October 31st. The Wireless communications provider reported $0.05 EPS for the quarter. The company had revenue of $1.02 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.21% and a return on equity of 11.76%. Equities analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.63 earnings per share for the current fiscal year.

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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