Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Stock Rating Upgraded by Wall Street Zen

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

Turkcell Iletisim Hizmetleri AS Stock Up 6.9%

Turkcell Iletisim Hizmetleri AS stock traded up $0.39 during mid-day trading on Friday, hitting $6.06. 984,046 shares of the company's stock were exchanged, compared to its average volume of 699,513. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.33 billion, a P/E ratio of 4.12 and a beta of 0.90. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.54 and a 1-year high of $8.47. The stock has a 50 day moving average of $6.08 and a two-hundred day moving average of $6.55.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.19 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.56% and a net margin of 13.52%. As a group, analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of institutional investors have recently added to or reduced their stakes in TKC. SBI Securities Co. Ltd. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $29,000. Aquatic Capital Management LLC grew its position in Turkcell Iletisim Hizmetleri AS by 89.4% during the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 2,145 shares in the last quarter. GeoWealth Management LLC grew its position in Turkcell Iletisim Hizmetleri AS by 167.9% during the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock worth $62,000 after buying an additional 6,017 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $70,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Turkcell Iletisim Hizmetleri AS by 17.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock worth $77,000 after buying an additional 1,816 shares in the last quarter.

About Turkcell Iletisim Hizmetleri AS

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.