Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. VTB Capital raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Friday, May 5th. BidaskClub raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, June 14th. Citigroup Inc. raised shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, ValuEngine lowered shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.50.

Turkcell Iletisim Hizmetleri AS (TKC) traded down 0.33% on Wednesday, reaching $9.05. 257,400 shares of the company’s stock were exchanged. The firm’s market capitalization is $7.96 billion. Turkcell Iletisim Hizmetleri AS has a 12 month low of $6.35 and a 12 month high of $9.48. The firm has a 50-day moving average of $8.76 and a 200-day moving average of $8.36.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Turkcell Iletisim Hizmetleri AS had a net margin of 12.16% and a return on equity of 17.65%. The business had revenue of $1.22 billion for the quarter. On average, equities analysts expect that Turkcell Iletisim Hizmetleri AS will post $0.66 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Turkcell Iletisim Hizmetleri AS (TKC) Rating Increased to B- at TheStreet” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/19/turkcell-iletisim-hizmetleri-as-tkc-rating-increased-to-b-at-thestreet.html.

A number of large investors have recently modified their holdings of TKC. Morgan Stanley raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 8.1% in the first quarter. Morgan Stanley now owns 4,041,759 shares of the Wireless communications provider’s stock worth $33,465,000 after buying an additional 304,579 shares in the last quarter. Oldfield Partners LLP raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 22.5% in the second quarter. Oldfield Partners LLP now owns 3,847,796 shares of the Wireless communications provider’s stock worth $31,552,000 after buying an additional 707,124 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 2.6% in the second quarter. Macquarie Group Ltd. now owns 3,277,981 shares of the Wireless communications provider’s stock worth $26,881,000 after buying an additional 81,639 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 1.7% in the second quarter. Lazard Asset Management LLC now owns 3,110,211 shares of the Wireless communications provider’s stock worth $25,503,000 after buying an additional 51,237 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 3.2% in the second quarter. Wells Fargo & Company MN now owns 1,379,054 shares of the Wireless communications provider’s stock worth $11,309,000 after buying an additional 42,221 shares in the last quarter. 5.68% of the stock is currently owned by hedge funds and other 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’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.

Analyst Recommendations for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Receive News & Ratings for Turkcell Iletisim Hizmetleri AS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turkcell Iletisim Hizmetleri AS and related companies with MarketBeat.com's FREE daily email newsletter.