Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Update

Key Points

• Turkcell Iletisim Hizmetleri AS experienced a significant drop in short interest, decreasing by 61.1% from 4,940,000 shares on September 15th to 1,920,000 shares by September 30th.
• The company's stock is currently down 1.5%, trading at $5.73, with a P/E ratio of 3.89 and a market cap of $5.04 billion.
• Wall Street analysts have shifted their ratings, with one firm changing Turkcell's stock from a "strong-buy" to a "buy," while the consensus rating remains a "Hold."

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,920,000 shares, a drop of 61.1% from the September 15th total of 4,940,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is presently 1.1 days.

Turkcell Iletisim Hizmetleri AS Stock Down 1.5%

TKC opened at $5.73 on Friday. The business's fifty day simple moving average is $5.88 and its 200 day simple moving average is $5.95. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.35 and a 52 week high of $7.63. The firm has a market cap of $5.04 billion, a P/E ratio of 3.89 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last released its earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $1.37 billion for 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 research analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TKC shares. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Several hedge funds and other institutional investors have recently bought and sold shares of TKC. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 3,963 shares during the last quarter. MAI Capital Management purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the second quarter valued at $53,000. Foster Group Inc. acquired a new position in Turkcell Iletisim Hizmetleri AS in the second quarter valued at $67,000. HB Wealth Management LLC purchased a new position in Turkcell Iletisim Hizmetleri AS during the second quarter worth about $67,000. Finally, Inspire Investing LLC purchased a new position in Turkcell Iletisim Hizmetleri AS during the third quarter worth about $68,000.

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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