Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a buy rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS presently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Up 0.7%

Shares of Turkcell Iletisim Hizmetleri AS stock opened at $6.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.69. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 13.47 and a beta of 0.95. The firm’s 50-day moving average is $6.45 and its two-hundred day moving average is $6.04. Turkcell Iletisim Hizmetleri AS has a 1 year low of $5.35 and a 1 year high of $7.60.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. The business had revenue of $1.50 billion during the quarter. As a group, research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

A number of large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,698 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter worth approximately $28,000. WealthCollab LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 59.7% during the 4th quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 2,244 shares in the last quarter. Arax Advisory Partners raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 381.2% during the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock worth $41,000 after acquiring an additional 5,936 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at approximately $44,000.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.