Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $11.00 price objective on the Wireless communications provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 15.18% from the company’s previous close.

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

Several other brokerages have also issued reports on TKC. BidaskClub raised shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. TheStreet raised shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. Finally, Citigroup Inc. raised shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Turkcell Iletisim Hizmetleri AS has a consensus rating of “Buy” and an average target price of $11.00.

Shares of Turkcell Iletisim Hizmetleri AS (TKC) opened at 9.55 on Friday. Turkcell Iletisim Hizmetleri AS has a 1-year low of $6.35 and a 1-year high of $9.69. The stock’s market cap is $8.40 billion. The company has a 50 day moving average price of $9.02 and a 200 day moving average price of $8.68.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new position in Turkcell Iletisim Hizmetleri AS in the first quarter worth $105,000. Paloma Partners Management Co purchased a new position in Turkcell Iletisim Hizmetleri AS in the first quarter worth $111,000. Ameriprise Financial Inc. grew its holdings in Turkcell Iletisim Hizmetleri AS 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 purchasing an additional 4,136 shares during the last quarter. CIBC World Markets Inc. purchased a new position in Turkcell Iletisim Hizmetleri AS in the second quarter worth $124,000. Finally, HighTower Advisors LLC purchased a new position in Turkcell Iletisim Hizmetleri AS in the second quarter worth $132,000. 4.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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