Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

A number of other analysts have also recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Turkcell Iletisim Hizmetleri A.S. in a research note on Tuesday. They set a “hold” rating on the stock. VTB Capital raised shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research note on Friday. Finally, HSBC Holdings plc raised shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $9.50.

Analyst Recommendations for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded up 0.37% during midday trading on Tuesday, reaching $8.20. The company had a trading volume of 96,203 shares. Turkcell Iletisim Hizmetleri A.S. has a one year low of $6.35 and a one year high of $9.89. The stock’s 50 day moving average is $8.36 and its 200 day moving average is $7.64. The company’s market capitalization is $7.16 billion.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Wednesday, April 26th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.10 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.79% and a return on equity of 12.66%. Equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post $0.66 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Turkcell Iletisim Hizmetleri A.S. by 41.2% in the first quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 4,136 shares in the last quarter. Princeton Alpha Management LP increased its position in Turkcell Iletisim Hizmetleri A.S. by 8.4% in the second quarter. Princeton Alpha Management LP now owns 13,650 shares of the Wireless communications provider’s stock valued at $125,000 after buying an additional 1,052 shares during the period. Checchi Capital Advisers LLC increased its position in Turkcell Iletisim Hizmetleri A.S. by 10.2% in the second quarter. Checchi Capital Advisers LLC now owns 14,048 shares of the Wireless communications provider’s stock valued at $129,000 after buying an additional 1,302 shares during the period. Airain ltd acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the first quarter valued at approximately $131,000. Finally, Private Bank & Trust Co. increased its position in Turkcell Iletisim Hizmetleri A.S. by 27.6% in the second quarter. Private Bank & Trust Co. now owns 14,442 shares of the Wireless communications provider’s stock valued at $132,000 after buying an additional 3,122 shares during the period. 5.67% of the stock is owned by hedge funds and other institutional investors.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

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