Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Given Consensus Recommendation of “Hold” by Brokerages

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

TKC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. HSBC downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, ValuEngine lowered Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th.

Several hedge funds have recently modified their holdings of the company. Morgan Stanley grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 6.8% during the second quarter. Morgan Stanley now owns 7,199,306 shares of the Wireless communications provider’s stock worth $39,452,000 after acquiring an additional 455,800 shares during the last quarter. Oldfield Partners LLP grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 14.0% during the second quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock worth $32,294,000 after acquiring an additional 721,794 shares during the last quarter. Aperio Group LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 2.6% during the second quarter. Aperio Group LLC now owns 653,798 shares of the Wireless communications provider’s stock worth $3,583,000 after acquiring an additional 16,364 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 1.1% during the second quarter. Gabelli Funds LLC now owns 645,000 shares of the Wireless communications provider’s stock worth $3,535,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 13.5% during the second quarter. Northern Trust Corp now owns 468,894 shares of the Wireless communications provider’s stock worth $2,569,000 after acquiring an additional 55,682 shares during the last quarter. Institutional investors and hedge funds own 3.01% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. stock traded up $0.21 during trading hours on Thursday, reaching $5.49. The stock had a trading volume of 375,523 shares, compared to its average volume of 513,395. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.57 and a beta of 0.69. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.71. The business’s 50 day moving average price is $5.64 and its 200-day moving average price is $5.65. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $3.93 and a 52 week high of $7.16.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.10% and a net margin of 12.26%. On average, sell-side analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.68 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

Featured Story: Different Options Trading Strategies

Receive News & Ratings for Turkcell Iletisim Hizmetleri A.S. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turkcell Iletisim Hizmetleri A.S. and related companies with MarketBeat.com's FREE daily email newsletter.