Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

TKC stock opened at $6.15 on Friday. The business has a 50 day moving average of $6.44 and a 200-day moving average of $6.04. The firm has a market cap of $5.41 billion, a PE ratio of 13.36 and a beta of 0.96. Turkcell Iletisim Hizmetleri AS has a 12-month low of $5.35 and a 12-month high of $7.60. The company has a quick ratio of 1.75, a current ratio of 1.70 and a debt-to-equity ratio of 0.47.

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

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Turkcell Iletisim Hizmetleri AS in the fourth quarter worth approximately $28,000. WealthCollab LLC grew its position in Turkcell Iletisim Hizmetleri AS by 59.7% in the 4th quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 2,244 shares during the period. Arax Advisory Partners grew its position in Turkcell Iletisim Hizmetleri AS by 381.2% in the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 5,936 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Turkcell Iletisim Hizmetleri AS by 102.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 3,963 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

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.