Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of TKC opened at $6.32 on Monday. The stock has a market capitalization of $5.56 billion, a PE ratio of 6.77 and a beta of 0.84. The company’s fifty day moving average is $6.95 and its 200 day moving average is $6.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.07 and a fifty-two week high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. The firm had revenue of $1.07 billion for the quarter. Sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Large investors have recently modified their holdings of the stock. Creative Planning boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 19.5% during the third quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock worth $1,213,000 after buying an additional 28,819 shares during the period. Aprio Wealth Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider’s stock worth $82,000 after acquiring an additional 1,745 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 18.4% during the 3rd quarter. GAMMA Investing LLC now owns 13,268 shares of the Wireless communications provider’s stock worth $91,000 after purchasing an additional 2,058 shares during the period. SG Americas Securities LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $226,000. Finally, AQR Capital Management LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter worth about $89,000.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.