Weiss Ratings Reaffirms "Hold (C)" Rating for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Turkcell Iletisim Hizmetleri AS (NYSE:TKC) based on recent analyses.
• Altering its position, Wall Street Zen downgraded Turkcell's stock from a "strong-buy" to a "buy" rating on July 18th.
• Recently, Turkcell's stock traded at $5.98 with a market cap of $5.26 billion and reported quarterly earnings of $1.37 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Performance

Shares of TKC traded down $0.10 during trading hours on Wednesday, reaching $5.98. 3,966,749 shares of the company traded hands, compared to its average volume of 1,095,348. The stock's fifty day moving average is $5.87 and its 200 day moving average is $5.97. The stock has a market cap of $5.26 billion, a P/E ratio of 4.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.35 and a 1-year high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. The business had revenue of $1.37 billion during the quarter. Equities research analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Several large investors have recently added to or reduced their stakes in TKC. Marshall Wace LLP grew its stake in Turkcell Iletisim Hizmetleri AS by 284.9% during the second quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider's stock worth $15,703,000 after buying an additional 1,921,276 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Turkcell Iletisim Hizmetleri AS by 37.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,601,742 shares of the Wireless communications provider's stock worth $15,741,000 after buying an additional 712,257 shares during the last quarter. Vise Technologies Inc. bought a new stake in Turkcell Iletisim Hizmetleri AS during the second quarter worth about $3,026,000. Qube Research & Technologies Ltd grew its stake in Turkcell Iletisim Hizmetleri AS by 72.7% during the second quarter. Qube Research & Technologies Ltd now owns 543,971 shares of the Wireless communications provider's stock worth $3,291,000 after buying an additional 229,016 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Turkcell Iletisim Hizmetleri AS by 24.4% during the second quarter. American Century Companies Inc. now owns 1,049,023 shares of the Wireless communications provider's stock worth $6,347,000 after buying an additional 205,693 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.

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