Turkcell Iletisim Hizmetleri A.S. (TKC) Rating Lowered to Sell at Zacks Investment Research

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

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

Separately, JPMorgan Chase & Co. downgraded shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.

NYSE TKC opened at $5.69 on Thursday. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $3.93 and a 12-month high of $11.29. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.56 and a quick ratio of 1.55. The firm has a market capitalization of $4.84 billion, a P/E ratio of 7.29 and a beta of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings results on Wednesday, October 24th. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.19. Turkcell Iletisim Hizmetleri A.S. had a net margin of 7.04% and a return on equity of 12.65%. The business had revenue of $993.40 million during the quarter. On average, sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.63 earnings per share for the current year.

A number of large investors have recently modified their holdings of TKC. Quantitative Systematic Strategies LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $118,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $137,000. Commonwealth Equity Services LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $156,000. Stevens Capital Management LP bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $281,000. Finally, Capital Innovations LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $288,000. Institutional investors and hedge funds own 3.47% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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