Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) have earned a consensus rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.00.

TKC has been the subject of a number of recent research reports. Zacks Investment Research raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Saturday, September 16th. Citigroup Inc. raised Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. BidaskClub raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, TheStreet raised Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a research report on Wednesday, August 16th.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded up 0.34% on Friday, hitting $8.80. The stock had a trading volume of 303,603 shares. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.35 and a 52-week high of $9.69. The firm has a market cap of $7.74 billion, a PE ratio of 12.57 and a beta of 0.93. The firm’s 50-day moving average price is $9.09 and its 200 day moving average price is $8.62.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $1.22 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 17.65% and a net margin of 12.16%. On average, equities research analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 1st quarter worth approximately $105,000. Paloma Partners Management Co acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 1st quarter worth approximately $111,000. Ameriprise Financial Inc. lifted its position in Turkcell Iletisim Hizmetleri AS by 41.2% during the 1st quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock worth $117,000 after acquiring an additional 4,136 shares during the period. CIBC World Markets Inc. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 2nd quarter worth approximately $124,000. Finally, HighTower Advisors LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 2nd quarter worth approximately $132,000. 4.77% of the stock is owned by institutional investors.

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About Turkcell Iletisim Hizmetleri AS

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.

Analyst Recommendations for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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