Turkcell Iletisim Downgraded to Hold at TheStreet (TKC)
Turkcell Iletisim (NYSE:TKC) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ARN reports.
The analysts wrote, “Turkcell Iletisim Hizmetleri AS (TKC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.”
Separately, analysts at HSBC initiated coverage on shares of Turkcell Iletisim in a research note on Tuesday, January 21st. They set an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.00.
Shares of Turkcell Iletisim (NYSE:TKC) traded up 1.85% on Wednesday, hitting $13.23. The stock had a trading volume of 442,639 shares. Turkcell Iletisim has a 52 week low of $11.72 and a 52 week high of $17.02. The stock has a 50-day moving average of $12.80 and a 200-day moving average of $14.38. The company has a market cap of $11.642 billion and a P/E ratio of 9.28.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a provider of mobile services in Turkey.
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