Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $10.00 price target on the Wireless communications provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.36% from the company’s previous close.

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

A number of other equities analysts have also weighed in on TKC. Citigroup Inc. upgraded shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine lowered shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. BidaskClub upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, TheStreet upgraded shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a research report on Wednesday, August 16th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Turkcell Iletisim Hizmetleri AS currently has an average rating of “Buy” and a consensus price target of $10.00.

Shares of Turkcell Iletisim Hizmetleri AS (TKC) opened at 8.98 on Friday. Turkcell Iletisim Hizmetleri AS has a 12-month low of $6.35 and a 12-month high of $9.69. The firm has a 50-day moving average of $9.28 and a 200-day moving average of $8.59. The company’s market cap is $7.90 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter. Analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current year.

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A number of large investors have recently modified their holdings of TKC. Wells Fargo & Company MN boosted its position in Turkcell Iletisim Hizmetleri AS by 41.2% during the first quarter. Wells Fargo & Company MN now owns 1,336,833 shares of the Wireless communications provider’s stock worth $11,068,000 after purchasing an additional 389,733 shares during the period. Bank of New York Mellon Corp boosted its position in Turkcell Iletisim Hizmetleri AS by 43.8% during the first quarter. Bank of New York Mellon Corp now owns 39,153 shares of the Wireless communications provider’s stock worth $324,000 after purchasing an additional 11,917 shares during the period. Comerica Bank boosted its position in Turkcell Iletisim Hizmetleri AS by 2.0% during the first quarter. Comerica Bank now owns 52,412 shares of the Wireless communications provider’s stock worth $458,000 after purchasing an additional 1,033 shares during the period. World Asset Management Inc boosted its position in Turkcell Iletisim Hizmetleri AS by 1.5% during the first quarter. World Asset Management Inc now owns 54,833 shares of the Wireless communications provider’s stock worth $454,000 after purchasing an additional 821 shares during the period. Finally, Gabelli Funds LLC boosted its position in Turkcell Iletisim Hizmetleri AS by 1.0% during the first quarter. Gabelli Funds LLC now owns 637,000 shares of the Wireless communications provider’s stock worth $5,274,000 after purchasing an additional 6,000 shares during the period. Hedge funds and other institutional investors own 4.77% of the company’s stock.

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

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