Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a hold rating to a buy rating in a research note released on Monday.

Turkcell Iletisim Hizmetleri A.S. Price Performance

TKC opened at $7.08 on Monday. The firm’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $6.82. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.57 and a quick ratio of 1.56. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $4.07 and a 1 year high of $8.47.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 4.8% in the second quarter. Atomi Financial Group Inc. now owns 28,091 shares of the Wireless communications provider’s stock valued at $213,000 after acquiring an additional 1,284 shares in the last quarter. Kathmere Capital Management LLC grew its stake in Turkcell Iletisim Hizmetleri A.S. by 6.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 24,915 shares of the Wireless communications provider’s stock valued at $189,000 after purchasing an additional 1,552 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 8.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 23,224 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 1,877 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 9.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 22,037 shares of the Wireless communications provider’s stock worth $167,000 after purchasing an additional 1,955 shares during the period. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 7.7% in the 1st quarter. Janiczek Wealth Management LLC now owns 27,892 shares of the Wireless communications provider’s stock worth $145,000 after buying an additional 1,997 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.