Turkcell Iletisim Hizmetleri AS (NYSE:TKC) has been assigned a consensus rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.00.

A number of brokerages have recently issued reports on TKC. BidaskClub raised Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. TheStreet raised Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Turkcell Iletisim Hizmetleri AS from a “sell” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, October 21st. Finally, Citigroup Inc. raised Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 25th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the second quarter worth about $4,296,000. Thomas White International Ltd. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the second quarter worth about $1,575,000. Lazard Asset Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 1.7% in the second quarter. Lazard Asset Management LLC now owns 3,110,211 shares of the Wireless communications provider’s stock worth $25,503,000 after purchasing an additional 51,237 shares during the last quarter. UBS Group AG grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 8.5% in the first quarter. UBS Group AG now owns 98,670 shares of the Wireless communications provider’s stock worth $816,000 after purchasing an additional 7,695 shares during the last quarter. Finally, KCG Holdings Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 33.3% in the first quarter. KCG Holdings Inc. now owns 20,172 shares of the Wireless communications provider’s stock worth $167,000 after purchasing an additional 5,042 shares during the last quarter. 4.80% of the stock is currently owned by institutional investors.

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Turkcell Iletisim Hizmetleri AS (TKC) traded up $0.36 during midday trading on Thursday, reaching $9.48. The company’s stock had a trading volume of 559,406 shares, compared to its average volume of 589,414. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $8,025.60, a PE ratio of 11.40 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS Company Profile

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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