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

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

Turkcell Iletisim Hizmetleri AS (TKC) traded down $0.08 during midday trading on Friday, hitting $9.99. The stock had a trading volume of 434,500 shares, compared to its average volume of 354,867. The company has a market capitalization of $8,861.60, a P/E ratio of 14.69 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.50 and a 52-week high of $10.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 1.62.

Several large investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its position in Turkcell Iletisim Hizmetleri AS by 4.7% in the fourth quarter. First Trust Advisors LP now owns 588,230 shares of the Wireless communications provider’s stock worth $4,994,000 after purchasing an additional 26,461 shares during the last quarter. Morgan Stanley boosted its position in Turkcell Iletisim Hizmetleri AS by 12.0% in the fourth quarter. Morgan Stanley now owns 2,926,388 shares of the Wireless communications provider’s stock worth $24,845,000 after purchasing an additional 312,562 shares during the last quarter. Two Sigma Investments LLC purchased a new position in Turkcell Iletisim Hizmetleri AS in the fourth quarter worth $2,835,000. Credit Suisse AG boosted its position in Turkcell Iletisim Hizmetleri AS by 563.7% in the fourth quarter. Credit Suisse AG now owns 194,208 shares of the Wireless communications provider’s stock worth $1,649,000 after purchasing an additional 164,948 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Turkcell Iletisim Hizmetleri AS by 30.3% in the first quarter. Aperio Group LLC now owns 258,847 shares of the Wireless communications provider’s stock worth $2,720,000 after purchasing an additional 60,120 shares during the last quarter. 3.33% of the stock is currently owned by institutional investors.

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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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