Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

A number of other equities analysts also recently issued reports on TKC. HSBC downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Zacks Investment Research downgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.25.

Shares of TKC traded up $0.01 during midday trading on Tuesday, reaching $5.50. 311,961 shares of the stock were exchanged, compared to its average volume of 518,943. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $3.93 and a 52 week high of $7.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.71. The firm has a 50 day moving average price of $5.65. The company has a market capitalization of $4.74 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.57 and a beta of 0.69.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Turkcell Iletisim Hizmetleri A.S. had a return on equity of 12.10% and a net margin of 12.26%. The firm had revenue of $1.07 billion for the quarter. Analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of TKC. Oldfield Partners LLP boosted its position in Turkcell Iletisim Hizmetleri A.S. by 14.0% during the second quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock valued at $32,294,000 after purchasing an additional 721,794 shares in the last quarter. Millennium Management LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 101.6% during the fourth quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock valued at $2,504,000 after purchasing an additional 224,565 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Turkcell Iletisim Hizmetleri A.S. by 241.8% during the fourth quarter. Bank of New York Mellon Corp now owns 270,761 shares of the Wireless communications provider’s stock valued at $1,522,000 after purchasing an additional 191,553 shares in the last quarter. Marshall Wace LLP acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the first quarter worth about $482,000. Finally, Brandes Investment Partners LP boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 21.3% in the second quarter. Brandes Investment Partners LP now owns 368,559 shares of the Wireless communications provider’s stock worth $2,020,000 after acquiring an additional 64,641 shares in the last quarter. 3.02% of the stock is currently owned by institutional investors.

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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