Zacks Downgrades Turkcell Iletisim to Neutral (TKC)
Turkcell Iletisim (NYSE:TKC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a $16.00 price target on the stock. Zacks‘ price target would suggest a potential upside of 18.08% from the stock’s previous close.
Shares of Turkcell Iletisim (NYSE:TKC) traded up 1.25% on Tuesday, hitting $13.72. 128,494 shares of the company’s stock traded hands. Turkcell Iletisim has a 52 week low of $12.76 and a 52 week high of $17.80. The stock has a 50-day moving average of $14.41 and a 200-day moving average of $15.27. The company has a market cap of $12.074 billion and a P/E ratio of 10.00.
Separately, analysts at UBS AG upgraded shares of Turkcell Iletisim (NYSE:TKC) from a “sell” rating to a “neutral” rating in a research note to investors on Monday, July 8th.
Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.90.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a provider of mobile services in Turkey.
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