Turkcell Iletisim Hizmetleri A.S. (TKC) Trading Down 5.2%

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares were down 5.2% during mid-day trading on Tuesday . The company traded as low as $9.66 and last traded at $9.72. Approximately 601,812 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 385,412 shares. The stock had previously closed at $10.25.

A number of research analysts have issued reports on TKC shares. Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “sell” rating in a report on Wednesday, December 20th. ValuEngine raised shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Finally, Goldman Sachs Group raised shares of Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to a “buy” rating in a 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.00.

The stock has a market capitalization of $8,553.60, a price-to-earnings ratio of 15.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.61.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its earnings results on Thursday, February 15th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 11.36% and a return on equity of 16.07%. The firm had revenue of $1.22 billion during the quarter. research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.95 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Oldfield Partners LLP raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 16.5% during the fourth quarter. Oldfield Partners LLP now owns 4,710,798 shares of the Wireless communications provider’s stock worth $48,050,000 after purchasing an additional 668,702 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 76.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,566,610 shares of the Wireless communications provider’s stock worth $26,179,000 after purchasing an additional 1,115,967 shares during the last quarter. Renaissance Group LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth $17,386,000. NWQ Investment Management Company LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 26.8% during the third quarter. NWQ Investment Management Company LLC now owns 1,348,823 shares of the Wireless communications provider’s stock worth $11,897,000 after purchasing an additional 285,384 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 14.3% during the second quarter. Northern Trust Corp now owns 648,346 shares of the Wireless communications provider’s stock worth $5,317,000 after purchasing an additional 81,251 shares during the last quarter. 3.76% of the stock is owned by hedge funds and other institutional investors.

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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.

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