Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Reaches New 1-Year Low – Here’s Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s share price hit a new 52-week low on Thursday . The stock traded as low as $5.29 and last traded at $5.3850, with a volume of 1568069 shares trading hands. The stock had previously closed at $5.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Turkcell Iletisim Hizmetleri AS has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Up 0.1%

The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.68 and a current ratio of 1.69. The business’s 50-day moving average is $5.84 and its 200-day moving average is $6.19.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $1.54 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. On average, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TKC. Hennion & Walsh Asset Management Inc. bought a new stake in Turkcell Iletisim Hizmetleri AS during the 2nd quarter worth approximately $443,000. Parallel Advisors LLC raised its position in Turkcell Iletisim Hizmetleri AS by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 51,821 shares of the Wireless communications provider’s stock valued at $312,000 after purchasing an additional 14,163 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Turkcell Iletisim Hizmetleri AS by 69.6% in the first quarter. EverSource Wealth Advisors LLC now owns 34,834 shares of the Wireless communications provider’s stock worth $210,000 after purchasing an additional 14,293 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Turkcell Iletisim Hizmetleri AS by 1,053.2% in the first quarter. Quantinno Capital Management LP now owns 567,357 shares of the Wireless communications provider’s stock worth $3,421,000 after purchasing an additional 518,158 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 28.8% during the first quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider’s stock worth $9,948,000 after purchasing an additional 369,107 shares during the last quarter.

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.