Turkcell Iletisim Hizmetleri AS (TKC) Receives Average Rating of “Buy” from Brokerages

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) have been given an average recommendation of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.00.

A number of analysts have weighed in on TKC shares. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of 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 note on Saturday, September 16th. Finally, BidaskClub upgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st.

Several hedge funds have recently made changes to their positions in TKC. CIBC World Markets Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the second quarter worth approximately $124,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the third quarter worth approximately $124,000. HighTower Advisors LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the second quarter worth approximately $132,000. Advisor Group Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 128.5% in the third quarter. Advisor Group Inc. now owns 17,355 shares of the Wireless communications provider’s stock worth $153,000 after acquiring an additional 9,759 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 19,332 shares of the Wireless communications provider’s stock worth $158,000 after acquiring an additional 5,169 shares during the period. Hedge funds and other institutional investors own 3.18% of the company’s stock.

Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded up $0.05 during trading hours on Monday, reaching $9.23. 140,400 shares of the company’s stock were exchanged, compared to its average volume of 523,181. The company has a market cap of $8,122.40, a price-to-earnings ratio of 11.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 1.62. Turkcell Iletisim Hizmetleri AS has a 1-year low of $6.35 and a 1-year high of $9.79.

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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.

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