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

StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a report released on Tuesday morning.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of TKC opened at $6.74 on Tuesday. The firm’s 50 day moving average is $6.57 and its 200-day moving average is $7.07. The stock has a market capitalization of $5.93 billion, a P/E ratio of 7.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.56. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $4.48 and a 12-month high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.07 billion during the quarter. Equities research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 4.8% during the second quarter. Atomi Financial Group Inc. now owns 28,091 shares of the Wireless communications provider’s stock worth $213,000 after purchasing an additional 1,284 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 6.6% during the second quarter. Kathmere Capital Management LLC now owns 24,915 shares of the Wireless communications provider’s stock worth $189,000 after purchasing an additional 1,552 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% during the third quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,745 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 23,224 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 1,877 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 9.7% during the second quarter. Sivia Capital Partners LLC now owns 22,037 shares of the Wireless communications provider’s stock worth $167,000 after purchasing an additional 1,955 shares during the period.

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.