Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Rating Lowered to Hold at StockNews.com

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

NYSE TKC opened at $7.58 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.77 and a current ratio of 1.78. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.52 and a 1 year high of $8.02. The company has a fifty day moving average of $6.90 and a two-hundred day moving average of $5.81.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings data on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share for the quarter. The company had revenue of $996.26 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.51% and a net margin of 10.07%. On average, equities analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TKC. Citigroup Inc. lifted its position in Turkcell Iletisim Hizmetleri A.S. by 12.9% in the third quarter. Citigroup Inc. now owns 175,121 shares of the Wireless communications provider’s stock valued at $828,000 after purchasing an additional 19,996 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 9.7% in the fourth quarter. Quadrant Capital Group LLC now owns 68,292 shares of the Wireless communications provider’s stock valued at $328,000 after buying an additional 6,064 shares in the last quarter. Blue Trust Inc. grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 49.7% during the fourth quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 2,757 shares during the period. Caprock Group LLC raised its position in Turkcell Iletisim Hizmetleri A.S. by 16.2% in the fourth quarter. Caprock Group LLC now owns 24,154 shares of the Wireless communications provider’s stock worth $116,000 after acquiring an additional 3,361 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Turkcell Iletisim Hizmetleri A.S. by 3.7% in the fourth quarter. Cerity Partners LLC now owns 100,373 shares of the Wireless communications provider’s stock valued at $483,000 after acquiring an additional 3,557 shares during the period.

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.