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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of NYSE TKC opened at $7.57 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $7.72 and its 200-day moving average price is $6.52. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $4.07 and a 52-week high of $8.47. The company has a market cap of $6.66 billion, a PE ratio of 8.26 and a beta of 0.85.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share for the quarter. The business had revenue of $996.26 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 10.07% and a return on equity of 11.51%. As a group, analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current year.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Turkcell Iletisim Hizmetleri A.S. by 41.4% during 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 in the last quarter. Ritholtz Wealth Management raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.3% in the second quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock worth $2,754,000 after buying an additional 11,584 shares during the period. BTC Capital Management Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at about $1,073,000. StoneX Group Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at approximately $996,000. Finally, Capital Wealth Planning LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth approximately $880,000.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.