Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) from a buy rating to a hold rating in a research report released on Tuesday.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.6 %

Shares of TKC traded up $0.04 during trading hours on Tuesday, reaching $6.82. 865,923 shares of the company traded hands, compared to its average volume of 516,457. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 6.95 and a beta of 0.86. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $4.48 and a 12-month high of $8.47. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average price is $6.60 and its 200 day moving average price is $7.07.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last issued its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.11%. Sell-side analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 41.4% during the first quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider's stock valued at $2,001,000 after acquiring an additional 112,852 shares in the last quarter. Ritholtz Wealth Management boosted its position in Turkcell Iletisim Hizmetleri A.S. by 3.3% in the second quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider's stock valued at $2,754,000 after buying an additional 11,584 shares during the last quarter. Creative Planning boosted its position in Turkcell Iletisim Hizmetleri A.S. by 19.5% in the third quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider's stock valued at $1,213,000 after buying an additional 28,819 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 10.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider's stock valued at $942,000 after buying an additional 11,415 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at approximately $793,000.

About Turkcell Iletisim Hizmetleri A.S.

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.