Today, Turkcell Iletisim Hizmetleri AS (TKC) Lifted to “Buy” at Zacks Investment Research

Today, Turkcell Iletisim Hizmetleri AS (TKC) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a sell rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $9.00 price objective on the stock.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) opened at 8.09 on Tuesday. The stock has a 50 day moving average of $8.26 and a 200 day moving average of $9.10. Turkcell Iletisim Hizmetleri AS has a one year low of $7.71 and a one year high of $10.87. The stock’s market cap is $7.09 billion.

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in Turkcell Iletisim Hizmetleri AS during the second quarter valued at about $115,000. Princeton Alpha Management LP boosted its stake in 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 in the last quarter. Checchi Capital Advisers LLC boosted its stake in 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 in the last quarter. Private Bank & Trust Co. boosted its stake in 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 in the last quarter. Finally, Investec Asset Management LTD boosted its stake in Turkcell Iletisim Hizmetleri AS by 0.7% in the first quarter. Investec Asset Management LTD now owns 15,195 shares of the company’s stock valued at $160,000 after buying an additional 101 shares in the last quarter. 5.97% of the stock is currently owned by hedge funds and other 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 provides services to its consumer and corporate customers with its mobile, fixed broadband, television products and other media services.

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