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

StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of TKC opened at $6.23 on Monday. The stock has a 50 day moving average of $7.00 and a 200 day moving average of $6.97. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.07 and a 12 month high of $8.47. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 6.86 and a beta of 0.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BTC Capital Management Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth about $1,073,000. StoneX Group Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter worth about $996,000. Capital Wealth Planning LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the first quarter worth about $880,000. BNP Paribas Financial Markets raised its position in shares of 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 valued at $2,001,000 after purchasing an additional 112,852 shares during the period. Finally, Caprock Group LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% during the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after buying 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.