Turkcell Iletisim Hizmetleri AS (TKC) Lifted to “Buy” at Citigroup Inc.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by equities researchers at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, July 25th, MarketBeat Ratings reports.

Several other equities analysts have also recently weighed in on TKC. VTB Capital upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Wednesday, March 29th. BidaskClub upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. ValuEngine cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Berenberg Bank initiated coverage on Turkcell Iletisim Hizmetleri AS in a research report on Tuesday, May 9th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $9.50.

Turkcell Iletisim Hizmetleri AS (TKC) opened at 9.10 on Tuesday. The firm’s market capitalization is $8.01 billion. Turkcell Iletisim Hizmetleri AS has a 12-month low of $6.35 and a 12-month high of $9.48. The company’s 50 day moving average price is $8.62 and its 200-day moving average price is $8.30.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 anticipate that Turkcell Iletisim Hizmetleri AS will post $0.66 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at about $105,000. Paloma Partners Management Co acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at about $111,000. Ameriprise Financial Inc. raised its stake in Turkcell Iletisim Hizmetleri AS by 41.2% in the first quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 4,136 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the second quarter valued at about $124,000. Finally, Airain ltd acquired a new stake in Turkcell Iletisim Hizmetleri AS during the first quarter valued at about $131,000. 5.70% of the stock is owned by institutional investors.

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.

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