TKC, TLK And NSR, Pushing Telecommunications Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Telecommunications industry currently sits up 1.5% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was American Tower ( AMT), up 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Telecommunications industry lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.28 (-1.8%) to $15.46 on light volume. Thus far, 40,428 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 434,000 shares. The stock has ranged in price between $15.42-$15.53 after having opened the day at $15.42 as compared to the previous trading day's close of $15.74.

Turkcell Iletisim Hizmetleri AS establishes and operates a Global System for Mobile Communications (GSM) network in Turkey and regional states. It operates through three segments: Turkcell, Euroasia, and Belarusian Telecom. Turkcell Iletisim Hizmetleri AS has a market cap of $13.2 billion and is part of the technology sector. Shares are up 17.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, relatively poor performance when compared with the S&P 500 during the past year and feeble growth in the company's earnings per share. Get the full Turkcell Iletisim Hizmetleri AS Ratings Report now.

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