HSBC Increases Turkcell Iletisim Price Target to $18.50 (TKC)
Equities researchers at HSBC upped their price target on shares of Turkcell Iletisim (NYSE:TKC) from $16.80 to $18.50 in a research report issued on Wednesday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. HSBC’s price target suggests a potential upside of 18.82% from the stock’s previous close.
Turkcell Iletisim (NYSE:TKC) traded down 0.89% during mid-day trading on Wednesday, hitting $15.57. The stock had a trading volume of 281,607 shares. Turkcell Iletisim has a one year low of $12.76 and a one year high of $17.80. The stock’s 50-day moving average is $14.34 and its 200-day moving average is $15.03. The company has a market cap of $13.702 billion and a price-to-earnings ratio of 11.59.
A number of other firms have also recently commented on TKC. Analysts at UBS AG upgraded shares of Turkcell Iletisim from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 13th. Analysts at Zacks downgraded shares of Turkcell Iletisim from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $16.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Turkcell Iletisim has an average rating of “Buy” and an average price target of $17.57.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a provider of mobile services in Turkey.
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