Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Strong Trading Volume - Should You Buy?

Key Points

• Turkcell Iletisim Hizmetleri AS experienced a significant increase in trading volume, with 2.87 million shares traded, a rise of 269% from the previous session.
• Wall Street analysts downgraded Turkcell's rating from “strong-buy” to “buy”, indicating a shift in market sentiment.
• The company reported a quarterly earnings per share of $0.13, with revenue totaling $1.37 billion, reflecting a net margin of 13.15%.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) shares saw strong trading volume on Thursday . 2,865,494 shares changed hands during trading, an increase of 269% from the previous session's volume of 776,825 shares.The stock last traded at $5.44 and had previously closed at $5.50.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri AS Trading Up 0.3%

The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 3.75 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 business has a fifty day moving average price of $5.82 and a 200 day moving average price of $6.13.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TKC. Marshall Wace LLP increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 284.9% during 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 acquiring an additional 1,921,276 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 37.7% during the second 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 position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter valued at approximately $3,026,000. Millennium Management LLC acquired a new position in Turkcell Iletisim Hizmetleri AS in the fourth quarter worth approximately $2,082,000. Finally, Northern Trust Corp grew its position in Turkcell Iletisim Hizmetleri AS by 389.1% in the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock worth $1,945,000 after buying an additional 237,739 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

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.

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