Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Earns “Hold (C+)” Rating from Weiss Ratings

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)‘s stock had its “hold (c+)” rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Up 2.0%

NYSE:TKC opened at $5.98 on Thursday. The stock’s 50 day moving average price is $5.88 and its 200 day moving average price is $5.95. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.35 and a 52 week high of $7.63. The company has a market capitalization of $5.26 billion, a P/E ratio of 18.67 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 (NYSE:TKC) last released its quarterly earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. The business had revenue of $1.37 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. On average, research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of hedge funds have recently bought and sold shares of TKC. Cerity Partners LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 47.6% in the 1st quarter. Cerity Partners LLC now owns 198,885 shares of the Wireless communications provider’s stock valued at $1,237,000 after purchasing an additional 64,109 shares during the period. Advisors Preferred LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter worth about $156,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter valued at approximately $346,000. Atlas Capital Advisors Inc. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 9.0% during the first quarter. Atlas Capital Advisors Inc. now owns 47,690 shares of the Wireless communications provider’s stock valued at $297,000 after purchasing an additional 3,948 shares during the period. Finally, Ethic Inc. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 4.8% during the first quarter. Ethic Inc. now owns 77,081 shares of the Wireless communications provider’s stock valued at $483,000 after purchasing an additional 3,527 shares during the period.

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.