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

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Turkcell Iletisim Hizmetleri AS currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of NYSE TKC opened at $6.15 on Friday. The firm has a 50-day simple moving average of $6.44 and a 200-day simple moving average of $6.04. The company has a quick ratio of 1.75, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.36 and a beta of 0.96. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.35 and a 52 week high of $7.60.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. The firm had revenue of $1.50 billion for the quarter. On average, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TKC. Millennium Management LLC increased its position in Turkcell Iletisim Hizmetleri AS by 326.4% during the third quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock worth $21,042,000 after purchasing an additional 2,675,681 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 12.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,973,174 shares of the Wireless communications provider’s stock valued at $16,263,000 after purchasing an additional 339,410 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 37.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,601,742 shares of the Wireless communications provider’s stock valued at $15,741,000 after buying an additional 712,257 shares during the period. Marshall Wace LLP grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 284.9% in the 2nd quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider’s stock valued at $15,703,000 after buying an additional 1,921,276 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 103.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock worth $11,840,000 after buying an additional 1,000,311 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.