Turkcell Iletisim Hizmetleri AS (NYSE:TKC) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of analysts have recently issued reports on the company. VTB Capital raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. BidaskClub raised Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Citigroup Inc. raised Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, ValuEngine cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th.

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Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at $930,000. Guggenheim Capital LLC boosted its stake in Turkcell Iletisim Hizmetleri AS by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 69,099 shares of the Wireless communications provider’s stock valued at $476,000 after buying an additional 2,029 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Turkcell Iletisim Hizmetleri AS by 31.0% in the first quarter. Raymond James Trust N.A. now owns 22,644 shares of the Wireless communications provider’s stock valued at $188,000 after buying an additional 5,352 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at $144,000. Finally, Greenleaf Trust purchased a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at $175,000. 5.68% of the stock is owned by institutional investors and hedge funds.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded up 1.40% on Friday, hitting $9.41. The stock had a trading volume of 159,484 shares. The company’s market cap is $8.28 billion. The stock’s 50-day moving average price is $8.79 and its 200 day moving average price is $8.39. Turkcell Iletisim Hizmetleri AS has a 52 week low of $6.35 and a 52 week high of $9.48.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Turkcell Iletisim Hizmetleri AS had a return on equity of 17.65% and a net margin of 12.16%. The company had revenue of $1.22 billion during the quarter. On average, analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be issued a dividend of $0.3213 per share. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s payout ratio is currently 45.45%.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

Analyst Recommendations for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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