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

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

Several brokerages recently issued reports on TKC. 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. Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, ValuEngine upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Turkcell Iletisim Hizmetleri A.S. presently has an average rating of “Buy” and a consensus price target of $12.00.

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

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Oldfield Partners LLP grew its position in 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 valued at $48,050,000 after buying an additional 668,702 shares during the period. Wells Fargo & Company MN grew its position in 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 valued at $26,179,000 after buying an additional 1,115,967 shares during the period. Renaissance Group LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at $17,386,000. NWQ Investment Management Company LLC grew its position in 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 valued at $11,897,000 after buying an additional 285,384 shares during the period. Finally, Northern Trust Corp grew its position in 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 valued at $5,317,000 after buying an additional 81,251 shares during the period. Institutional investors own 3.76% of the company’s stock.

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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.

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