Turkcell Iletisim Hizmetleri AS (TKC) Upgraded to “Buy” by Citigroup Inc.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, July 25th, Marketbeat Ratings reports.

Several other research analysts have also recently weighed in on the company. VTB Capital upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Berenberg Bank started coverage on Turkcell Iletisim Hizmetleri AS in a research report on Tuesday, May 9th. They set a “hold” rating for the company. BidaskClub raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, ValuEngine lowered Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Turkcell Iletisim Hizmetleri AS currently has an average rating of “Buy” and an average price target of $9.50.

Shares of Turkcell Iletisim Hizmetleri AS (TKC) traded up 0.67% on Tuesday, hitting $9.07. The company had a trading volume of 229,039 shares. Turkcell Iletisim Hizmetleri AS has a 52 week low of $6.35 and a 52 week high of $9.48. The stock’s 50-day moving average is $8.44 and its 200 day moving average is $8.21. The company’s market capitalization is $7.98 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company 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%. Equities analysts expect that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current year.

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A number of hedge funds have recently modified their holdings of TKC. Comerica Bank raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 7.0% in the fourth quarter. Comerica Bank now owns 51,379 shares of the Wireless communications provider’s stock valued at $362,000 after buying an additional 3,360 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at approximately $930,000. Guggenheim Capital LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 69,099 shares of the Wireless communications provider’s stock valued at $476,000 after buying an additional 2,029 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 31.0% in the first quarter. Raymond James Trust N.A. now owns 22,644 shares of the Wireless communications provider’s stock valued at $188,000 after buying an additional 5,352 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter valued at approximately $144,000. 5.70% of the stock is currently owned by institutional investors.

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.