Turkcell Iletisim Hizmetleri A.S. (TKC) Releases Quarterly Earnings Results

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) released its quarterly earnings results on Thursday. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, Morningstar.com reports. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 17.18% and a net margin of 14.46%.

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded down $0.08 on Friday, reaching $10.25. 23,792 shares of the company’s stock traded hands, compared to its average volume of 366,962. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $7.79 and a 1-year high of $11.29. The firm has a market capitalization of $8,888.00, a P/E ratio of 15.19 and a beta of 1.01. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.53.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Saturday, February 10th. ValuEngine raised Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Finally, Goldman Sachs Group raised Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $12.00.

Large investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the third quarter worth $124,000. HighTower Advisors LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at $132,000. Advisor Group Inc. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 128.5% in the third quarter. Advisor Group Inc. now owns 17,355 shares of the Wireless communications provider’s stock valued at $153,000 after purchasing an additional 9,759 shares during the period. HBK Investments L P acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at $181,000. Finally, LPL Financial LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at $186,000. Institutional investors own 3.62% of the company’s stock.

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Turkcell Iletisim Hizmetleri A.S. 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.

Earnings History for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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