Turkcell Iletisim Hizmetleri AS (TKC) Stock Rating Upgraded by Zacks Investment Research
Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $9.00 target price on the stock. Zacks Investment Research’s target price suggests a potential upside of 10.70% from the company’s current price.
According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “
Turkcell Iletisim Hizmetleri AS (NYSE:TKC) traded up 0.49% during mid-day trading on Tuesday, hitting $8.13. The stock had a trading volume of 558,602 shares. Turkcell Iletisim Hizmetleri AS has a 1-year low of $7.71 and a 1-year high of $10.87. The stock’s market cap is $7.12 billion. The firm’s 50-day moving average price is $8.25 and its 200-day moving average price is $9.08.
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Several hedge funds and other institutional investors have recently made changes to their positions in TKC. Bank of New York Mellon Corp acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth about $115,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 24.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 30,800 shares of the company’s stock worth $282,000 after buying an additional 6,000 shares in the last quarter. Boston Advisors LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth about $620,000. Bank of Montreal Can acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth about $365,000. Finally, Checchi Capital Advisers LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 10.2% in the second quarter. Checchi Capital Advisers LLC now owns 14,048 shares of the company’s stock worth $129,000 after buying an additional 1,302 shares in the last quarter. 5.97% of the stock is currently owned by institutional investors.
About Turkcell Iletisim Hizmetleri AS
Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a global system for mobile communications (GSM) network in Turkey and regional states. The Company provides services to its consumer and corporate customers with its mobile, fixed broadband, television products and other media services.
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