Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Gap Down - Here's Why

Key Points

• Turkcell Iletisim Hizmetleri AS shares gapped down before trading on Friday, opening at $5.38 after closing at $5.53, and last traded at $5.45 with 615,092 shares exchanged.
• Wall Street Zen downgraded Turkcell from a "strong-buy" to a "buy" rating, indicating a shift in analysts' perspectives on the stock.
• The company reported earnings of $0.13 per share and $1.37 billion in revenue for the last quarter, with analysts predicting an EPS of 0.26 for the current fiscal year.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $5.53, but opened at $5.38. Turkcell Iletisim Hizmetleri AS shares last traded at $5.45, with a volume of 615,092 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $4.86 billion, a P/E ratio of 3.76 and a beta of 0.99. The business has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $6.12.

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

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently modified their holdings of TKC. Hennion & Walsh Asset Management Inc. increased its stake in 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 worth $77,000 after purchasing an additional 1,816 shares in the last quarter. Yousif Capital Management LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 14.3% during the 2nd quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider's stock valued at $94,000 after acquiring an additional 1,940 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 1.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 129,670 shares of the Wireless communications provider's stock valued at $785,000 after acquiring an additional 1,947 shares in the last quarter. Parallel Advisors LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 7.9% during the 2nd quarter. Parallel Advisors LLC now owns 29,385 shares of the Wireless communications provider's stock valued at $178,000 after acquiring an additional 2,142 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Turkcell Iletisim Hizmetleri AS by 8.1% during the 4th quarter. Quantinno Capital Management LP now owns 40,175 shares of the Wireless communications provider's stock valued at $262,000 after acquiring an additional 2,998 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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