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 released on Monday.

Turkcell Iletisim Hizmetleri A.S. Stock Down 1.4 %

TKC stock opened at $7.06 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $7.36 and its 200 day moving average is $6.82. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 7.65 and a beta of 0.84. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $4.07 and a 1-year high of $8.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TKC. BNP Paribas Financial Markets grew its position in Turkcell Iletisim Hizmetleri A.S. by 36.7% during the fourth 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. Jump Financial LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 10.7% in the fourth quarter. Jump Financial LLC now owns 46,229 shares of the Wireless communications provider’s stock worth $222,000 after purchasing an additional 4,477 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock worth $347,000 after purchasing an additional 3,032 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth approximately $96,000. Finally, BTC Capital Management Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter worth approximately $1,073,000.

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.