Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Gap Down - What's Next?

Key Points

• Turkcell Iletisim Hizmetleri AS shares faced a gap down, opening at $5.98 after closing at $6.18, with a last trade price of $5.90 and a volume of 301,199 shares.
• Analysts have rated the stock with a consensus of "Hold," with Weiss Ratings maintaining a hold rating and Wall Street Zen downgrading it from "strong-buy" to "buy."
• Institutional interest has risen, with Arrowstreet Capital increasing its stake by 37.7%, indicating active investment movement in Turkcell Iletisim Hizmetleri AS.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $6.18, but opened at $5.98. Turkcell Iletisim Hizmetleri AS shares last traded at $5.90, with a volume of 301,199 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Saturday, September 27th. 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. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Performance

The business's 50-day moving average price is $5.84 and its 200-day moving average price is $5.99. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.24 billion, a PE ratio of 4.05 and a beta of 0.99.

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

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its stake in Turkcell Iletisim Hizmetleri AS by 37.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,601,742 shares of the Wireless communications provider's stock worth $15,741,000 after purchasing an additional 712,257 shares in the last quarter. Marshall Wace LLP boosted its stake in Turkcell Iletisim Hizmetleri AS by 284.9% in the 2nd quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider's stock worth $15,703,000 after purchasing an additional 1,921,276 shares in the last quarter. American Century Companies Inc. boosted its stake in Turkcell Iletisim Hizmetleri AS by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 1,049,023 shares of the Wireless communications provider's stock worth $6,347,000 after purchasing an additional 205,693 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock worth $5,773,000 after purchasing an additional 160,213 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Turkcell Iletisim Hizmetleri AS by 72.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 543,971 shares of the Wireless communications provider's stock worth $3,291,000 after purchasing an additional 229,016 shares in 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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