Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a buy rating to a hold rating in a research report sent to investors on Sunday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Up 0.4%

Shares of TKC opened at $5.63 on Friday. The stock’s 50-day moving average price is $5.88 and its 200 day moving average price is $5.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 15.20 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a 12-month low of $5.35 and a 12-month high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Thursday, November 6th. The Wireless communications provider reported $0.15 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The company had revenue of $1.46 billion during the quarter. As a group, research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Hedge funds have recently modified their holdings of the stock. Evergreen Capital Management LLC boosted its stake in Turkcell Iletisim Hizmetleri AS by 8.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 25,192 shares of the Wireless communications provider’s stock valued at $152,000 after buying an additional 1,921 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 14.3% during the second quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider’s stock valued at $94,000 after acquiring an additional 1,940 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 129,670 shares of the Wireless communications provider’s stock valued at $785,000 after acquiring an additional 1,947 shares during the period. Inspire Advisors LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 10.0% in the 3rd quarter. Inspire Advisors LLC now owns 22,069 shares of the Wireless communications provider’s stock valued at $133,000 after purchasing an additional 2,007 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 7.9% in the 2nd quarter. Parallel Advisors LLC now owns 29,385 shares of the Wireless communications provider’s stock worth $178,000 after purchasing an additional 2,142 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.