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Turkcell Iletisim (NYSE:TKC) was upgraded by research analysts at ISI Group from a “hold” rating to a “buy” rating in a report released on Tuesday.

The analysts wrote, “Turkcell Iletisim Hizmetleri AS (TKC) has been upgraded by TheStreet Ratings from hold to buy. 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

Turkcell Iletisim (NYSE:TKC) traded down 3.33% on Tuesday, hitting $15.08. The stock had a trading volume of 312,437 shares. Turkcell Iletisim has a one year low of $11.72 and a one year high of $16.31. The stock has a 50-day moving average of $15.22 and a 200-day moving average of $13.79. The company has a market cap of $13.270 billion and a price-to-earnings ratio of 12.79.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a provider of mobile services in Turkey.

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