Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Upgraded at Wall Street Zen

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Down 0.6%

Shares of TKC opened at $5.60 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. Turkcell Iletisim Hizmetleri AS has a one year low of $5.35 and a one year high of $7.63. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 15.12 and a beta of 0.97. The stock has a 50 day moving average price of $5.86 and a 200 day moving average price of $5.91.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Thursday, November 6th. The Wireless communications provider reported $0.15 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The company had revenue of $1.46 billion for the quarter. Equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 51.2% in the third quarter. XTX Topco Ltd now owns 219,852 shares of the Wireless communications provider’s stock valued at $1,324,000 after purchasing an additional 74,436 shares during the period. Millennium Management LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 326.4% in the 3rd quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock valued at $21,042,000 after purchasing an additional 2,675,681 shares during the last quarter. Centiva Capital LP acquired a new position in Turkcell Iletisim Hizmetleri AS in the 3rd quarter valued at about $786,000. Ameriprise Financial Inc. purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 3rd quarter valued at approximately $67,000. Finally, Creative Planning increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 65.1% during the 3rd quarter. Creative Planning now owns 396,469 shares of the Wireless communications provider’s stock worth $2,387,000 after buying an additional 156,352 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.