Turkcell Iletisim Hizmetleri A.S. (TKC) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a sell rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

TKC has been the subject of several other research reports. JPMorgan Chase & Co. upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a neutral rating to an overweight rating in a research report on Friday, January 18th. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a c rating to a b- rating in a research report on Thursday, February 21st. Citigroup downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a neutral rating in a research report on Monday, March 18th. VTB Capital downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research report on Thursday, February 21st. Finally, HSBC downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $7.25.

Shares of NYSE:TKC remained flat at $$4.70 during trading on Wednesday. 5,800 shares of the stock traded hands, compared to its average volume of 583,091. The stock has a market cap of $4.15 billion, a P/E ratio of 9.79, a PEG ratio of 0.41 and a beta of 0.61. The company has a quick ratio of 1.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.90. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $3.93 and a twelve month high of $7.50.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its quarterly earnings data on Wednesday, February 20th. The Wireless communications provider reported $0.19 earnings per share for the quarter, missing the 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 12.09% and a net margin of 12.32%. As a group, equities research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.69 EPS for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Thursday, June 27th. Stockholders of record on Wednesday, June 19th will be issued a $0.0464 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a dividend yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is 66.67%.

Several institutional investors have recently made changes to their positions in TKC. JPMorgan Chase & Co. increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 631.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,784,989 shares of the Wireless communications provider’s stock valued at $13,423,000 after acquiring an additional 2,404,352 shares during the period. Morgan Stanley increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% in the 1st quarter. Morgan Stanley now owns 6,743,506 shares of the Wireless communications provider’s stock valued at $36,145,000 after acquiring an additional 1,608,920 shares during the period. Freestone Capital Holdings LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 8,176.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 1,250,550 shares of the Wireless communications provider’s stock valued at $7,028,000 after acquiring an additional 1,235,440 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at $3,688,000. Finally, Oldfield Partners LLP increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 11.0% in the 4th quarter. Oldfield Partners LLP now owns 5,183,104 shares of the Wireless communications provider’s stock valued at $29,129,000 after acquiring an additional 512,306 shares during the period.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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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