Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Hits New 1-Year Low - Here's Why

Key Points

• Turkcell shares fell to a new 52-week low of $4.91 during Monday trading, down from the previous close of $5.40. The stock’s 50-day and 200-day moving averages were $5.65 and $6.05, respectively.
• Analysts maintain a consensus “Hold” rating, while the company reported quarterly EPS of $0.13 on revenue of $1.58 billion. Analysts expect full-year EPS of approximately $0.54.
• Several institutional investors increased their positions, including Goldman Sachs, which raised its stake by 20.9%, and JPMorgan Chase, which more than doubled its holdings during the second quarter.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.91 and last traded at $4.9350, with a volume of 631083 shares traded. The stock had previously closed at $5.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Price Performance

The stock has a fifty day moving average of $5.65 and a two-hundred day moving average of $6.05. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 10.13 and a beta of 0.97. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.57.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. The company had revenue of $1.58 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%. As a group, equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock valued at $5,773,000 after acquiring an additional 160,213 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the first quarter valued at approximately $358,000. JPMorgan Chase & Co. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 102.5% in the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 3,963 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Turkcell Iletisim Hizmetleri AS by 51.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider's stock worth $135,000 after purchasing an additional 7,626 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Turkcell Iletisim Hizmetleri AS by 13.8% during the 2nd quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider's stock worth $678,000 after buying an additional 13,616 shares in 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.

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