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

Key Points

• Turkcell Iletisim Hizmetleri AS experienced a significant trading volume increase of 128%, with nearly 2 million shares traded, while the stock price slightly decreased to $5.85.
• Wall Street analysts have downgraded the stock rating from "strong-buy" to "buy", indicating a shift in market confidence.
• The company reported a $0.13 EPS for the last quarter, with total revenue reaching $1.37 billion and a net margin of 13.15%.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) saw an uptick in trading volume on Wednesday . 1,987,602 shares traded hands during trading, an increase of 128% from the previous session's volume of 873,614 shares.The stock last traded at $5.85 and had previously closed at $5.86.

Wall Street Analysts Forecast Growth

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

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a market cap of $5.32 billion, a PE ratio of 4.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. The stock's 50-day simple moving average is $5.79 and its 200 day simple moving average is $6.06.

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 company 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, equities analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 102.5% in the 2nd 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. MAI Capital Management purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at about $53,000. HB Wealth Management LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at about $67,000. Foster Group Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at about $67,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 17.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock valued at $77,000 after purchasing an additional 1,816 shares in the last quarter.

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.