Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Upgraded at StockNews.com

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Turkcell Iletisim Hizmetleri A.S. Trading Down 2.4 %

Shares of Turkcell Iletisim Hizmetleri A.S. stock traded down $0.15 on Monday, reaching $6.08. The company had a trading volume of 162,736 shares, compared to its average volume of 518,748. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.36 and a 1 year high of $8.47. 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 firm has a market cap of $5.35 billion, a price-to-earnings ratio of 6.67 and a beta of 0.86. The firm’s 50-day moving average price is $6.66 and its two-hundred day moving average price is $7.05.

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

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

Hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at approximately $71,000. Verdence Capital Advisors LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at about $72,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter valued at about $75,000. Aprio Wealth Management LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at about $77,000. Finally, GAMMA Investing LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 68.2% during the second quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after buying an additional 4,545 shares in 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.