Today, Turkcell Iletisim Hizmetleri AS (TKC) Upgraded to “Neutral” at Goldman Sachs Group Inc.

Today, Turkcell Iletisim Hizmetleri AS (TKC) Upgraded to “Neutral” at Goldman Sachs Group Inc.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was upgraded by stock analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

Separately, Zacks Investment Research lowered shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) opened at 7.05 on Friday. The stock has a 50 day moving average of $7.71 and a 200 day moving average of $8.48. The company’s market cap is $6.55 billion. Turkcell Iletisim Hizmetleri AS has a 12-month low of $6.99 and a 12-month high of $10.87.

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the second quarter valued at approximately $115,000. Princeton Alpha Management LP raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 8.4% in the second quarter. Princeton Alpha Management LP now owns 13,650 shares of the company’s stock valued at $125,000 after buying an additional 1,052 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 10.2% in the second quarter. Checchi Capital Advisers LLC now owns 14,048 shares of the company’s stock valued at $129,000 after buying an additional 1,302 shares during the last quarter. Private Bank & Trust Co. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 27.6% in the second quarter. Private Bank & Trust Co. now owns 14,442 shares of the company’s stock valued at $132,000 after buying an additional 3,122 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 0.7% in the third quarter. Raymond James Trust N.A. now owns 17,283 shares of the company’s stock valued at $139,000 after buying an additional 124 shares during the last quarter. 5.81% of the stock is owned by institutional investors.

About Turkcell Iletisim Hizmetleri AS

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 provides services to its consumer and corporate customers with its mobile, fixed broadband, television products and other media services.

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