Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Lifted to “Strong-Buy” at BidaskClub

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, August 1st.

A number of other research firms have also recently issued reports on TKC. VTB Capital raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research cut Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Citigroup Inc. raised Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Berenberg Bank assumed coverage on Turkcell Iletisim Hizmetleri AS in a research note on Tuesday, May 9th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $9.50.

Shares of Turkcell Iletisim Hizmetleri AS (TKC) traded down 0.33% during midday trading on Tuesday, hitting $9.05. The stock had a trading volume of 257,400 shares. The firm’s 50-day moving average price is $8.76 and its 200-day moving average price is $8.36. The firm’s market capitalization is $7.96 billion. Turkcell Iletisim Hizmetleri AS has a one year low of $6.35 and a one year high of $9.48.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data 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. Turkcell Iletisim Hizmetleri AS had a return on equity of 17.65% and a net margin of 12.16%. The business had revenue of $1.22 billion during the quarter. On average, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/turkcell-iletisim-hizmetleri-as-nysetkc-upgraded-at-bidaskclub-updated-updated.html.

Several hedge funds have recently modified their holdings of TKC. Karp Capital Management Corp purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth approximately $2,629,000. Gabelli Funds LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 1.0% in the first quarter. Gabelli Funds LLC now owns 637,000 shares of the Wireless communications provider’s stock worth $5,274,000 after buying an additional 6,000 shares during the period. World Asset Management Inc raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 1.5% in the first quarter. World Asset Management Inc now owns 54,833 shares of the Wireless communications provider’s stock worth $454,000 after buying an additional 821 shares during the period. Comerica Bank raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 2.0% in the first quarter. Comerica Bank now owns 52,412 shares of the Wireless communications provider’s stock worth $458,000 after buying an additional 1,033 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 43.8% in the first quarter. Bank of New York Mellon Corp now owns 39,153 shares of the Wireless communications provider’s stock worth $324,000 after buying an additional 11,917 shares during the period. Institutional investors own 5.68% of the company’s stock.

Turkcell Iletisim Hizmetleri AS Company Profile

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