Turkcell Iletisim Hizmetleri A.S. (TKC) Given Average Rating of “Hold” by Brokerages

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Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

Several research analysts have issued reports on TKC shares. TheStreet upgraded Turkcell Iletisim Hizmetleri A.S. from a “c” rating to a “b-” rating in a research report on Thursday, February 21st. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research report on Tuesday, January 22nd. VTB Capital lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Citigroup lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. upgraded Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a research report on Friday, January 18th.

Shares of NYSE:TKC traded down $0.18 during trading hours on Friday, hitting $5.48. 387,317 shares of the company’s stock traded hands, compared to its average volume of 593,941. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.93 and a 1 year high of $9.01. The firm has a market capitalization of $4.82 billion, a PE ratio of 11.42 and a beta of 0.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.56 and a quick ratio of 1.55.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Wednesday, February 20th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.77% and a return on equity of 12.65%. The business had revenue of $1.05 billion for the quarter. Equities research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.82 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 631.7% in the third quarter. JPMorgan Chase & Co. now owns 2,784,989 shares of the Wireless communications provider’s stock valued at $13,423,000 after purchasing an additional 2,404,352 shares during the period. FMR LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 426.6% in the third quarter. FMR LLC now owns 1,833,407 shares of the Wireless communications provider’s stock valued at $8,837,000 after purchasing an additional 1,485,233 shares during the period. Freestone Capital Holdings LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 8,176.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 1,250,550 shares of the Wireless communications provider’s stock valued at $7,028,000 after purchasing an additional 1,235,440 shares during the period. Morgan Stanley boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 14.6% in the third quarter. Morgan Stanley now owns 5,576,806 shares of the Wireless communications provider’s stock valued at $26,880,000 after purchasing an additional 712,143 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at approximately $3,688,000.

About Turkcell Iletisim Hizmetleri A.S.

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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