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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Turkcell Iletisim Hizmetleri A.S. Stock Down 2.7 %

Shares of NYSE:TKC opened at $6.70 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.89 billion, a P/E ratio of 7.65 and a beta of 0.84. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.07 and a 12 month high of $8.47. The company’s 50-day moving average price is $7.29 and its two-hundred day moving average price is $6.88.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caprock Group LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 319.0% in the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock worth $731,000 after purchasing an additional 73,460 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock worth $347,000 after buying an additional 3,032 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Turkcell Iletisim Hizmetleri A.S. by 10.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock valued at $942,000 after buying an additional 11,415 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Turkcell Iletisim Hizmetleri A.S. by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock valued at $417,000 after buying an additional 2,226 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 26.9% in the 1st quarter. Ballentine Partners LLC now owns 53,871 shares of the Wireless communications provider’s stock valued at $280,000 after acquiring an additional 11,419 shares in 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.