Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Upgraded to “Strong-Buy” at StockNews.com

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of NYSE TKC opened at $6.35 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The firm has a fifty day moving average of $6.14 and a 200 day moving average of $6.65. The firm has a market cap of $5.58 billion, a PE ratio of 4.32 and a beta of 0.91. Turkcell Iletisim Hizmetleri A.S. has a one year low of $5.66 and a one year high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $1.19 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. As a group, research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth approximately $29,000. Aquatic Capital Management LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 89.4% during the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 2,145 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% during the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after buying an additional 2,656 shares in the last quarter. GeoWealth Management LLC raised its position in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider’s stock valued at $62,000 after buying an additional 6,017 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $70,000.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.