Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Reaches New 12-Month Low - What's Next?

Key Points

• Turkcell Iletisim Hizmetleri AS shares hit a new 52-week low of $5.49, closing slightly higher at $5.54 with 143,891 shares traded.
• Wall Street analysts have downgraded the company's rating from "strong-buy" to "buy", indicating a cautious outlook on growth prospects.
• The company reported $1.37 billion in revenue for the last quarter, with earnings per share of $0.13 and an average forecast of $0.26 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.49 and last traded at $5.54, with a volume of 143891 shares. The stock had previously closed at $5.88.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 3.77 and a beta of 0.99. The stock's 50-day moving average is $5.86 and its 200 day moving average is $6.16.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. The firm had revenue of $1.37 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. As a group, analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of hedge funds have recently added to or reduced their stakes in TKC. Marshall Wace LLP lifted its position in Turkcell Iletisim Hizmetleri AS by 284.9% in the second quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider's stock valued at $15,703,000 after purchasing an additional 1,921,276 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 37.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,601,742 shares of the Wireless communications provider's stock valued at $15,741,000 after acquiring an additional 712,257 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at approximately $3,026,000. Millennium Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at approximately $2,082,000. Finally, Northern Trust Corp lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 389.1% during the 4th quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after acquiring an additional 237,739 shares during the period.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.