Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Given Consensus Recommendation of “Hold” by Analysts

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

TKC has been the topic of several recent research reports. Citigroup cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research note on Monday, March 18th. Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. HSBC cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, TheStreet cut Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research note on Friday, March 29th.

A number of hedge funds have recently modified their holdings of TKC. Financial Gravity Wealth Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the first quarter worth $43,000. Quadrant Capital Group LLC grew its stake in Turkcell Iletisim Hizmetleri A.S. by 101.0% in the first quarter. Quadrant Capital Group LLC now owns 12,014 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 6,036 shares during the period. Mackenzie Financial Corp purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth $65,000. Verity Asset Management Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth $82,000. Finally, Virtu Financial LLC grew its stake in Turkcell Iletisim Hizmetleri A.S. by 56.4% in the first quarter. Virtu Financial LLC now owns 28,881 shares of the Wireless communications provider’s stock worth $155,000 after purchasing an additional 10,415 shares during the period.

TKC opened at $5.40 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.79 and a current ratio of 1.81. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $3.93 and a 52-week high of $7.16. The company’s 50 day simple moving average is $5.01.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its earnings results on Tuesday, April 30th. The Wireless communications provider reported $0.04 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.09% and a net margin of 12.32%. The firm had revenue of $1.06 billion for the quarter. As a group, equities analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.69 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be paid a $0.0464 dividend. The ex-dividend date is Tuesday, June 18th. This represents a yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is 8.33%.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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