Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a report released on Tuesday.

Turkcell Iletisim Hizmetleri A.S. Trading Down 0.4 %

Shares of NYSE:TKC opened at $6.74 on Tuesday. The company has a market cap of $5.93 billion, a PE ratio of 7.57 and a beta of 0.86. The company’s 50-day moving average price is $6.57 and its 200 day moving average price is $7.07. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.48 and a fifty-two week high of $8.47. The company has a quick ratio of 1.56, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings data on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. The firm had revenue of $1.07 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Turkcell Iletisim Hizmetleri A.S. by 31.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after buying an additional 159,572 shares during the period. Ritholtz Wealth Management increased its stake in Turkcell Iletisim Hizmetleri A.S. by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock valued at $2,754,000 after buying an additional 11,584 shares during the period. Creative Planning increased its stake in Turkcell Iletisim Hizmetleri A.S. by 19.5% during the 3rd quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock valued at $1,213,000 after buying an additional 28,819 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 10.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock worth $942,000 after purchasing an additional 11,415 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth approximately $793,000.

Turkcell Iletisim Hizmetleri A.S. 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.