Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Downgraded to “Hold” Rating by Wall Street Zen

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of TKC opened at $5.57 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of 15.04 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.35 and a twelve month high of $7.63. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $5.87 and a 200 day moving average of $5.93.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Thursday, November 6th. The Wireless communications provider reported $0.15 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The business had revenue of $1.46 billion during the quarter. As a group, equities research analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 102.5% in the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 3,963 shares during the last quarter. MAI Capital Management bought a new position in Turkcell Iletisim Hizmetleri AS in the second quarter worth approximately $53,000. Fox Run Management L.L.C. purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the 3rd quarter worth $63,000. Wealthstream Advisors Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 3rd quarter valued at $65,000. Finally, Foster Group Inc. purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter worth $67,000.

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.