Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Turkcell Iletisim Hizmetleri AS experienced unusually-high trading volume with approximately 852,193 shares exchanged, reflecting a 16% decline from the previous session.
• Wall Street analysts have downgraded the stock from a “strong-buy” to a “buy” rating, indicating a cautious outlook for future growth.
• The company reported a revenue of $1.37 billion in its latest earnings report, with an earnings per share (EPS) of $0.13 for the quarter.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 852,193 shares changed hands during trading, a decline of 16% from the previous session's volume of 1,011,468 shares.The stock last traded at $5.96 and had previously closed at $5.95.

Wall Street Analysts Forecast Growth

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

Turkcell Iletisim Hizmetleri AS Price Performance

The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 4.09 and a beta of 0.99. The company has a fifty day simple moving average of $5.82 and a 200 day simple moving average of $5.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69.

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

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in 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 buying an additional 3,963 shares in the last quarter. MAI Capital Management bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the second quarter valued at approximately $53,000. HB Wealth Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the second quarter valued at approximately $67,000. Foster Group Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the second quarter valued at approximately $67,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 17.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock valued at $77,000 after acquiring 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.

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