Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

Several other brokerages have also commented on TKC. HSBC lowered shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research report on Monday, May 13th. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a c rating to a b- rating in a research report on Thursday, February 21st. VTB Capital lowered shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a hold rating in a research report on Thursday, February 21st. Finally, Citigroup lowered shares of Turkcell Iletisim Hizmetleri A.S. from a buy rating to a neutral rating in a research report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $7.25.

TKC traded up $0.02 during trading on Thursday, hitting $5.17. The stock had a trading volume of 79,485 shares, compared to its average volume of 364,649. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.81 and a quick ratio of 1.79. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $3.93 and a twelve month high of $7.16.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings data on Tuesday, April 30th. The Wireless communications provider reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $1.06 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.32% and a return on equity of 12.09%. On average, sell-side analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.69 earnings per share for the current year.

The business also recently announced a special dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.0464 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a dividend yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is currently 66.67%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% during the 1st quarter. Morgan Stanley now owns 6,743,506 shares of the Wireless communications provider’s stock valued at $36,145,000 after acquiring an additional 1,608,920 shares during the last quarter. Oldfield Partners LLP increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 11.0% during the 4th quarter. Oldfield Partners LLP now owns 5,183,104 shares of the Wireless communications provider’s stock valued at $29,129,000 after acquiring an additional 512,306 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 631.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,784,989 shares of the Wireless communications provider’s stock valued at $13,423,000 after acquiring an additional 2,404,352 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 8,176.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 1,250,550 shares of the Wireless communications provider’s stock valued at $7,028,000 after acquiring an additional 1,235,440 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in Turkcell Iletisim Hizmetleri A.S. by 6.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,084,186 shares of the Wireless communications provider’s stock worth $6,093,000 after purchasing an additional 68,705 shares in the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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