Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Reaches New 52-Week Low - Here's Why

Key Points

• Turkcell shares hit a new 52-week low, falling to $4.82 during Thursday trading versus a prior close of $5.19. The stock remains below its 50-day and 200-day moving averages of $5.45 and $5.89, respectively.
• Analyst sentiment remains cautious, with Weiss Ratings reaffirming a “Hold (C)” rating and MarketBeat reporting a consensus “Hold” rating from the sole analyst covering the stock.
• Turkcell reported quarterly earnings of $0.13 per share on $1.58 billion in revenue, while several institutional investors—including Renaissance Technologies, UBS and Quantinno Capital—recently increased their holdings.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.82 and last traded at $4.9280, with a volume of 4955868 shares. The stock had previously closed at $5.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Performance

The stock's 50-day simple moving average is $5.45 and its 200 day simple moving average is $5.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 1.49. The company has a market capitalization of $4.34 billion, a PE ratio of 10.06 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%.The firm had revenue of $1.58 billion during the quarter. As a group, research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in Turkcell Iletisim Hizmetleri AS by 28.8% during the 1st 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 period. UBS Group AG lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 230.5% in the 4th quarter. UBS Group AG now owns 745,889 shares of the Wireless communications provider's stock valued at $4,080,000 after buying an additional 520,178 shares during the period. Quantinno Capital Management LP boosted its stake in shares of 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 valued at $3,421,000 after buying an additional 518,158 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the first quarter valued at approximately $3,413,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 34.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 157,343 shares of the Wireless communications provider's stock valued at $925,000 after acquiring an additional 40,253 shares during the period.

About Turkcell Iletisim Hizmetleri AS

Turkcell İletişim Hizmetleri A.Ş. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, the company operates one of Türkiye's major mobile communications networks and provides wireless voice, messaging and data services to individual and business customers.

In addition to mobile connectivity, Turkcell offers fixed broadband, fiber internet, pay television and other digital services. Its portfolio includes cloud and data-center services, cybersecurity, digital communication and content platforms, and technology solutions for corporate and government customers.

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