Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded by StockNews.com to Hold

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of TKC stock opened at $6.32 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market capitalization of $5.56 billion, a P/E ratio of 6.75 and a beta of 0.84. The company’s 50-day simple moving average is $6.98 and its two-hundred day simple moving average is $6.98. Turkcell Iletisim Hizmetleri A.S. has a one year low of $4.07 and a one year high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. The firm had revenue of $1.07 billion for the quarter. As a group, equities analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caprock Group LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 319.0% during the second quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after acquiring an additional 73,460 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Turkcell Iletisim Hizmetleri A.S. by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock valued at $347,000 after acquiring an additional 3,032 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 10.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock valued at $942,000 after acquiring an additional 11,415 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 4.2% during the second quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock valued at $417,000 after acquiring an additional 2,226 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter worth $996,000.

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.