Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s share price shot up 5.2% during mid-day trading on Wednesday . The stock traded as high as $5.56 and last traded at $5.50. 771,857 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 1,143,303 shares. The stock had previously closed at $5.23.

Several brokerages have issued reports on TKC. Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. JPMorgan Chase & Co. cut shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.00.

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 1.56. The stock has a market cap of $4.91 billion, a PE ratio of 7.05 and a beta of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Wednesday, October 24th. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.19. Turkcell Iletisim Hizmetleri A.S. had a net margin of 7.04% and a return on equity of 12.65%. The company had revenue of $993.40 million during the quarter. As a group, equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.63 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth $780,000. Renaissance Technologies LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth $6,796,000. Sei Investments Co. increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 256.2% during the second quarter. Sei Investments Co. now owns 143,518 shares of the Wireless communications provider’s stock worth $939,000 after buying an additional 103,227 shares during the period. Brandes Investment Partners LP acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth $2,191,000. Finally, Alps Advisors Inc. increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 28.7% during the third quarter. Alps Advisors Inc. now owns 149,963 shares of the Wireless communications provider’s stock worth $723,000 after buying an additional 33,400 shares during the period. Institutional investors own 3.47% of the company’s stock.

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About Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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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