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

Tuesday, June 30, 2020 | MarketBeat

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks.com reports.

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

A number of other analysts also recently weighed in on TKC. VTB Capital upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a "hold" rating to a "buy" rating in a research report on Monday, April 13th. TheStreet downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a "b-" rating to a "c+" rating in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Turkcell Iletisim Hizmetleri A.S. in a research report on Thursday, April 30th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average target price of $6.00.

Turkcell Iletisim Hizmetleri A.S. stock traded down $0.01 during trading hours on Tuesday, reaching $5.79. 57,748 shares of the company's stock traded hands, compared to its average volume of 456,764. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.80 and a current ratio of 1.82. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.36 and a fifty-two week high of $6.36. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.24 and a beta of 0.78. The firm's 50 day moving average is $5.29 and its 200-day moving average is $5.44.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $0.16 earnings per share for the quarter. The business had revenue of $1.09 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.14% and a return on equity of 12.90%. Analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.73 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 29.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 752,934 shares of the Wireless communications provider's stock worth $3,501,000 after purchasing an additional 170,467 shares in the last quarter. Aperio Group LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 33.9% during the 1st quarter. Aperio Group LLC now owns 996,597 shares of the Wireless communications provider's stock worth $4,634,000 after purchasing an additional 252,442 shares in the last quarter. Gabelli Funds LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 7.7% during the 1st quarter. Gabelli Funds LLC now owns 545,000 shares of the Wireless communications provider's stock worth $2,534,000 after purchasing an additional 39,000 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.5% during the 4th quarter. Bank of America Corp DE now owns 323,329 shares of the Wireless communications provider's stock worth $1,875,000 after acquiring an additional 10,839 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 264.5% during the 4th quarter. Geode Capital Management LLC now owns 373,088 shares of the Wireless communications provider's stock worth $2,163,000 after acquiring an additional 270,721 shares in the last quarter. 3.20% of the stock is owned by institutional investors and hedge funds.

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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