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

StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a report published on Tuesday.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.6 %

Shares of NYSE TKC opened at $6.79 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.56 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.98 billion, a PE ratio of 7.34 and a beta of 0.86. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $4.48 and a twelve month high of $8.47. The stock has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $7.07.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. The company had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. On average, equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Several institutional investors have recently modified their holdings of the business. Caprock Group LLC boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 319.0% in the second quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after purchasing an additional 73,460 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of 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 worth $942,000 after buying an additional 11,415 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of 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 worth $417,000 after buying an additional 2,226 shares during the period. Ritholtz Wealth Management raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 3.3% in the second quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock valued at $2,754,000 after acquiring an additional 11,584 shares in the last quarter. Finally, Creative Planning lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 19.5% in the third quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock worth $1,213,000 after acquiring an additional 28,819 shares during the last quarter.

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.