VTB Capital Upgrades Turkcell Iletisim Hizmetleri A.S. (TKC) to Buy

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by VTB Capital from a “hold” rating to a “buy” rating in a research note issued on Friday, May 5th.

Several other equities research analysts also recently weighed in on TKC. Deutsche Bank AG raised shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. HSBC Holdings plc raised shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, February 23rd. Finally, Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research report on Friday, March 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.50.

Analyst Recommendations for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded up 2.30% on Friday, hitting $8.01. The stock had a trading volume of 50,099 shares. The firm’s market cap is $7.00 billion. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $6.35 and a 12-month high of $9.89. The stock has a 50 day moving average of $8.28 and a 200 day moving average of $7.65.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Wednesday, April 26th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $1.10 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.79% and a return on equity of 12.66%. Equities analysts predict that Turkcell Iletisim Hizmetleri A.S. will post $0.66 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Stevens Capital Management LP increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 21.9% in the third quarter. Stevens Capital Management LP now owns 26,493 shares of the Wireless communications provider’s stock worth $214,000 after buying an additional 4,766 shares in the last quarter. Morgan Stanley increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 1.7% in the third quarter. Morgan Stanley now owns 3,634,773 shares of the Wireless communications provider’s stock worth $29,297,000 after buying an additional 62,057 shares in the last quarter. OLD Mission Capital LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 444.6% in the third quarter. OLD Mission Capital LLC now owns 108,653 shares of the Wireless communications provider’s stock worth $879,000 after buying an additional 88,701 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the third quarter worth $501,000. Finally, ETRADE Capital Management LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 45.0% in the third quarter. ETRADE Capital Management LLC now owns 18,296 shares of the Wireless communications provider’s stock worth $147,000 after buying an additional 5,676 shares in the last quarter. 5.67% of the stock is owned by institutional investors and hedge funds.

About Turkcell Iletisim Hizmetleri A.S.

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.

5 Day Chart for NYSE:TKC

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