Turkcell Iletisim Hizmetleri AS (TKC) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a hold rating to a buy rating in a research note published on Saturday morning. The firm currently has $10.00 target price on the Wireless communications provider’s stock.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

Other equities analysts also recently issued research reports about the stock. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri AS from a c rating to a b- rating in a research note on Wednesday, August 16th. Citigroup Inc. upgraded shares of Turkcell Iletisim Hizmetleri AS from a neutral rating to a buy rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Turkcell Iletisim Hizmetleri AS from a hold rating to a buy rating in a research note on Sunday, July 16th. Finally, ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri AS from a buy rating to a hold rating in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $10.00.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded down 0.85% during mid-day trading on Friday, hitting $8.98. The stock had a trading volume of 420,605 shares. The stock’s 50-day moving average is $9.28 and its 200 day moving average is $8.59. Turkcell Iletisim Hizmetleri AS has a 12 month low of $6.35 and a 12 month high of $9.69. The firm’s market cap is $7.90 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $1.22 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 12.16% and a return on equity of 17.65%. Equities research analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/09/17/turkcell-iletisim-hizmetleri-as-tkc-upgraded-to-buy-by-zacks-investment-research.html.

The business also recently disclosed a special dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be paid a $0.3213 dividend. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is presently 45.45%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thomas White International Ltd. acquired a new position in Turkcell Iletisim Hizmetleri AS in the second quarter valued at $1,575,000. UBS Group AG boosted its stake in Turkcell Iletisim Hizmetleri AS by 8.5% in the first quarter. UBS Group AG now owns 98,670 shares of the Wireless communications provider’s stock valued at $816,000 after acquiring an additional 7,695 shares in the last quarter. Morgan Stanley boosted its stake in Turkcell Iletisim Hizmetleri AS by 8.1% in the first quarter. Morgan Stanley now owns 4,041,759 shares of the Wireless communications provider’s stock valued at $33,465,000 after acquiring an additional 304,579 shares in the last quarter. KCG Holdings Inc. boosted its stake in Turkcell Iletisim Hizmetleri AS by 33.3% in the first quarter. KCG Holdings Inc. now owns 20,172 shares of the Wireless communications provider’s stock valued at $167,000 after acquiring an additional 5,042 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Turkcell Iletisim Hizmetleri AS by 9.1% in the first quarter. Stifel Financial Corp now owns 23,902 shares of the Wireless communications provider’s stock valued at $199,000 after acquiring an additional 1,990 shares in the last quarter. Institutional investors own 4.77% of the company’s stock.

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.

Analyst Recommendations for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Receive News & Ratings for Turkcell Iletisim Hizmetleri AS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turkcell Iletisim Hizmetleri AS and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply