JPMorgan Chase & Co. Downgrades Turkcell Iletisim Hizmetleri A.S. (TKC) to Neutral

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JPMorgan Chase & Co. downgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from an overweight rating to a neutral rating in a research note published on Monday, Marketbeat.com reports.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri A.S. from a hold rating to a strong sell rating in a research report on Thursday, May 17th. TheStreet cut shares of Turkcell Iletisim Hizmetleri A.S. from a b- rating to a c+ rating in a research report on Thursday, May 17th. Finally, ValuEngine cut shares of Turkcell Iletisim Hizmetleri A.S. from a sell rating to a strong sell rating in a research report on Saturday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $12.00.

Shares of Turkcell Iletisim Hizmetleri A.S. stock opened at $4.06 on Monday. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $3.93 and a 52-week high of $11.29. The firm has a market capitalization of $3.58 billion, a PE ratio of 5.15 and a beta of 0.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.42 and a quick ratio of 1.40.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings data on Wednesday, July 25th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.30% and a return on equity of 14.74%. The company had revenue of $1.16 billion during the quarter. equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.72 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.1566 per share. The ex-dividend date is Monday, September 17th. This represents a yield of 2.65%. This is a boost from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.12. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is presently 16.67%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $118,000. M&T Bank Corp purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at $123,000. Boston Private Wealth LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at $140,000. Commonwealth Equity Services LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $156,000. Finally, River Road Asset Management LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at $170,000. 3.08% of the stock is owned by institutional investors and hedge funds.

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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