Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume – Still a Buy?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw unusually-high trading volume on Tuesday . Approximately 1,270,249 shares changed hands during trading, an increase of 10% from the previous session’s volume of 1,156,950 shares.The stock last traded at $6.0610 and had previously closed at $6.14.

Analyst Upgrades and Downgrades

TKC has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Down 1.4%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.69. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 13.16 and a beta of 0.95. The firm’s 50-day moving average is $6.50 and its 200 day moving average is $6.05.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.50 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its position in Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,698 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter worth $28,000. WealthCollab LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 59.7% in the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 2,244 shares in the last quarter. Arax Advisory Partners raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 381.2% in the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 5,936 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $44,000.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.