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

Key Points

• Turkcell Iletisim Hizmetleri AS's stock reached a new 52-week low at $5.43, down from a previous close of $5.54, indicating potential volatility in its stock performance.
• Analysts downgraded Turkcell's shares from a "strong-buy" to a "buy" rating, suggesting a shift in market perception regarding the company's future growth prospects.
• The company's recent quarterly earnings report showed a net margin of 13.15% and a PE ratio of 3.69, reflecting its current profitability and valuation metrics.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $5.43 and last traded at $5.44, with a volume of 71268 shares changing hands. The stock had previously closed at $5.54.

Analyst Ratings Changes

Separately, Wall Street Zen cut 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 Price 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's fifty day moving average is $5.79 and its 200-day moving average is $6.11. The stock has a market cap of $4.92 billion, a PE ratio of 3.80 and a beta of 0.99.

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 earnings per share 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its stake in 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 worth $15,741,000 after buying an additional 712,257 shares during the period. Marshall Wace LLP boosted its stake in 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 worth $15,703,000 after buying an additional 1,921,276 shares during the period. American Century Companies Inc. boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 24.4% in the second quarter. American Century Companies Inc. now owns 1,049,023 shares of the Wireless communications provider's stock valued at $6,347,000 after purchasing an additional 205,693 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock valued at $5,773,000 after purchasing an additional 160,213 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 72.7% in the second quarter. Qube Research & Technologies Ltd now owns 543,971 shares of the Wireless communications provider's stock valued at $3,291,000 after purchasing an additional 229,016 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.