ISI Group Downgrades Turkcell Iletisim to Hold (TKC)
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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company’s earnings per share.”
Turkcell Iletisim (NYSE:TKC) opened at 15.74 on Friday. Turkcell Iletisim has a one year low of $11.72 and a one year high of $16.31. The stock’s 50-day moving average is $14.65 and its 200-day moving average is $13.74. The company has a market cap of $13.851 billion and a P/E ratio of 12.30.
Separately, analysts at Morgan Stanley cut their price target on shares of Turkcell Iletisim from $15.50 to $14.00 in a research note on Thursday, March 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Turkcell Iletisim currently has a consensus rating of “Hold” and an average target price of $15.00.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a provider of mobile services in Turkey.
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