Turkcell Iletisim Hizmetleri A.S. (TKC) Cut to “C+” at TheStreet

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

Several other research firms have also issued reports on TKC. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research report on Tuesday, January 22nd. JPMorgan Chase & Co. upgraded Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a research report on Friday, January 18th. VTB Capital lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Citigroup lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $7.25.

Turkcell Iletisim Hizmetleri A.S. stock opened at $5.42 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of 11.29 and a beta of 0.63. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.93 and a 1 year high of $9.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.56 and a quick ratio of 1.55.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Wednesday, February 20th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The company had revenue of $1.05 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.65% and a net margin of 9.77%. Equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.82 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of TKC. Navellier & Associates Inc grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 89.7% in the 4th quarter. Navellier & Associates Inc now owns 5,280 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 2,497 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at approximately $35,000. Financial Gravity Companies Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at approximately $54,000. Mackenzie Financial Corp acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at approximately $65,000. Finally, Verity Asset Management Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at approximately $82,000. Institutional investors and hedge funds own 3.05% of the company’s stock.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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