Wall Street Zen Downgrades Turkcell Iletisim Hizmetleri AS (NYSE:TKC) to Hold

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Down 1.0%

Shares of NYSE:TKC opened at $6.15 on Friday. Turkcell Iletisim Hizmetleri AS has a 1 year low of $5.35 and a 1 year high of $7.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.69. The business’s 50-day moving average is $6.44 and its 200-day moving average is $6.04. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.36 and a beta of 0.96.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 EPS for the quarter. The business had revenue of $1.50 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%. Equities research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Several large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 50.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter valued at about $28,000. WealthCollab LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 59.7% in the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 2,244 shares during the last quarter. Arax Advisory Partners lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 381.2% during the fourth quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 5,936 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 102.5% during the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 3,963 shares in the last quarter.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.