Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a hold rating to a buy rating in a research report report published on Saturday morning. Zacks Investment Research currently has $12.00 price target on the Wireless communications provider’s stock.

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

TKC has been the subject of a number of other research reports. Goldman Sachs Group raised Turkcell Iletisim Hizmetleri A.S. from a neutral rating to a buy rating in a report on Thursday, February 8th. ValuEngine raised Turkcell Iletisim Hizmetleri A.S. from a buy rating to a strong-buy rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Turkcell Iletisim Hizmetleri A.S. presently has a consensus rating of Buy and a consensus price target of $12.00.

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE TKC) opened at $10.12 on Friday. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $7.40 and a twelve month high of $11.29. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $8,880.00, a price-to-earnings ratio of 15.81 and a beta of 1.01.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oldfield Partners LLP increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 16.5% in the fourth quarter. Oldfield Partners LLP now owns 4,710,798 shares of the Wireless communications provider’s stock worth $48,050,000 after purchasing an additional 668,702 shares during the period. Wells Fargo & Company MN increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 76.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,566,610 shares of the Wireless communications provider’s stock worth $26,179,000 after purchasing an additional 1,115,967 shares during the period. Renaissance Group LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth $17,386,000. NWQ Investment Management Company LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 26.8% in the third quarter. NWQ Investment Management Company LLC now owns 1,348,823 shares of the Wireless communications provider’s stock worth $11,897,000 after purchasing an additional 285,384 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 8.8% in the second quarter. Parametric Portfolio Associates LLC now owns 687,489 shares of the Wireless communications provider’s stock worth $5,637,000 after purchasing an additional 55,792 shares during the period. 3.62% of the stock is owned by institutional investors.

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About Turkcell Iletisim Hizmetleri A.S.

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.

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