Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded by StockNews.com

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

Turkcell Iletisim Hizmetleri A.S. Stock Down 1.1 %

TKC stock opened at $6.91 on Tuesday. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.07 and a 52 week high of $8.47. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $6.54. The stock has a market capitalization of $6.08 billion, a P/E ratio of 7.35 and a beta of 0.85.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Monday, May 27th. The Wireless communications provider reported $0.10 EPS for the quarter. The company had revenue of $996.26 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.51% and a net margin of 10.07%. Equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TKC. Quadrant Capital Group LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 9.7% during the fourth quarter. Quadrant Capital Group LLC now owns 68,292 shares of the Wireless communications provider’s stock worth $328,000 after buying an additional 6,064 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.7% in the fourth quarter. Cerity Partners LLC now owns 100,373 shares of the Wireless communications provider’s stock worth $483,000 after buying an additional 3,557 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Turkcell Iletisim Hizmetleri A.S. by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock worth $347,000 after acquiring an additional 3,032 shares during the last quarter. Signaturefd LLC grew its stake in Turkcell Iletisim Hizmetleri A.S. by 23.2% during the 4th quarter. Signaturefd LLC now owns 34,984 shares of the Wireless communications provider’s stock valued at $168,000 after acquiring an additional 6,577 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 36.7% in the 4th quarter. BNP Paribas Financial Markets now owns 272,748 shares of the Wireless communications provider’s stock valued at $1,312,000 after acquiring an additional 73,166 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. 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.