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

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

Turkcell Iletisim Hizmetleri A.S. Stock Up 1.4 %

Shares of TKC stock opened at $6.32 on Monday. The stock has a market cap of $5.56 billion, a P/E ratio of 6.75 and a beta of 0.84. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.07 and a 52 week high of $8.47. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $6.98.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 EPS for the quarter. The business had revenue of $1.07 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. Analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Hedge funds have recently made changes to their positions in the business. Caprock Group LLC raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% during the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after buying an additional 73,460 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock valued at $347,000 after buying an additional 3,032 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Turkcell Iletisim Hizmetleri A.S. by 10.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock worth $942,000 after purchasing an additional 11,415 shares during the period. Sequoia Financial Advisors LLC raised its position in Turkcell Iletisim Hizmetleri A.S. by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock worth $417,000 after purchasing an additional 2,226 shares during the period. Finally, StoneX Group Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth about $996,000.

About Turkcell Iletisim Hizmetleri A.S.

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.