Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded by Zacks Investment Research to “Sell”

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Zacks.com reports.

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

A number of other brokerages have also commented on TKC. ValuEngine lowered Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. HSBC lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Turkcell Iletisim Hizmetleri A.S. currently has an average rating of “Hold” and a consensus price target of $7.25.

Shares of NYSE TKC traded down $0.01 during mid-day trading on Friday, reaching $5.49. The company’s stock had a trading volume of 9,187 shares, compared to its average volume of 398,408. The firm has a market capitalization of $4.72 billion, a PE ratio of 11.44, a P/E/G ratio of 0.55 and a beta of 0.69. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.71. The stock has a fifty day moving average of $5.64 and a two-hundred day moving average of $5.65. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $3.93 and a 52 week high of $7.16.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.10% and a net margin of 12.26%. The business had revenue of $1.07 billion during the quarter. Analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.68 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $32,000. US Bancorp DE boosted its position in Turkcell Iletisim Hizmetleri A.S. by 170.9% during the 2nd quarter. US Bancorp DE now owns 7,112 shares of the Wireless communications provider’s stock valued at $39,000 after acquiring an additional 4,487 shares in the last quarter. Holistic Financial Partners bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $60,000. OneAscent Financial Services LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $66,000. Finally, Quadrant Capital Group LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 101.0% during the 1st quarter. Quadrant Capital Group LLC now owns 12,014 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 6,036 shares in the last quarter. 3.01% of the stock is owned by institutional investors and hedge funds.

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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