Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a hold rating to a buy rating in a report issued on Wednesday.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of Turkcell Iletisim Hizmetleri A.S. stock opened at $6.34 on Wednesday. The business has a 50-day simple moving average of $7.18 and a 200-day simple moving average of $6.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. Turkcell Iletisim Hizmetleri A.S. has a one year low of $4.07 and a one year high of $8.47. The company has a market cap of $5.58 billion, a PE ratio of 7.30 and a beta of 0.84.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKC. SG Americas Securities LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the third quarter worth about $226,000. AQR Capital Management LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of 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 acquiring an additional 11,415 shares during the period. Caprock Group LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% in the second quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after acquiring an additional 73,460 shares during the period. Finally, Sivia Capital Partners LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 9.7% during the second quarter. Sivia Capital Partners LLC now owns 22,037 shares of the Wireless communications provider’s stock worth $167,000 after acquiring an additional 1,955 shares during the last quarter.

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.