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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.3 %

NYSE:TKC traded up $0.02 during trading hours on Monday, hitting $6.23. The company had a trading volume of 728,035 shares, compared to its average volume of 537,752. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market capitalization of $5.48 billion, a PE ratio of 6.86 and a beta of 0.84. The stock has a 50-day moving average price of $7.00 and a 200 day moving average price of $6.97. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.07 and a 52 week high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 7.72% and a net margin of 8.75%. The firm had revenue of $1.07 billion during the quarter. On average, equities research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several institutional investors and hedge funds have recently modified their holdings of the company. BTC Capital Management Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth approximately $1,073,000. StoneX Group Inc. purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at about $996,000. Capital Wealth Planning LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at about $880,000. BNP Paribas Financial Markets boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 41.4% in the first quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock worth $2,001,000 after acquiring an additional 112,852 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in 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 worth $731,000 after acquiring an additional 73,460 shares in 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.