Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped up prior to trading on Tuesday . The stock had previously closed at $4.85, but opened at $4.80. Turkcell Iletisim Hizmetleri A.S. shares last traded at $4.83, with a volume of 142859 shares.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research note on Monday, September 3rd. Zacks Investment Research lowered shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $12.00.

The company has a market capitalization of $4.24 billion, a P/E ratio of 6.13 and a beta of 0.65. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.79.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Wednesday, July 25th. The Wireless communications provider reported $0.11 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.30% and a return on equity of 14.74%. The company had revenue of $1.16 billion for the quarter. On average, equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.72 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its stake in Turkcell Iletisim Hizmetleri A.S. by 8.2% in the 1st quarter. Northern Trust Corp now owns 740,059 shares of the Wireless communications provider’s stock valued at $7,075,000 after buying an additional 55,889 shares during the last quarter. BlackRock Inc. grew its stake in Turkcell Iletisim Hizmetleri A.S. by 64.2% in the 1st quarter. BlackRock Inc. now owns 71,687 shares of the Wireless communications provider’s stock valued at $686,000 after buying an additional 28,024 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth $347,000. Sei Investments Co. grew its position in Turkcell Iletisim Hizmetleri A.S. by 4,987.2% in the 1st quarter. Sei Investments Co. now owns 40,291 shares of the Wireless communications provider’s stock worth $385,000 after purchasing an additional 39,499 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth $713,000. Institutional investors own 3.07% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. Company Profile (NYSE:TKC)

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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