Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,531,839 shares, a drop of 59.1% from the June 30th total of 3,745,650 shares. Based on an average trading volume of 1,984,200 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company's shares are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of "Hold".
Read Our Latest Stock Report on Turkcell Iletisim Hizmetleri AS
Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS
A number of large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Turkcell Iletisim Hizmetleri AS by 20.9% during the 1st 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 last quarter. Jane Street Group LLC bought a new stake in Turkcell Iletisim Hizmetleri AS in the first quarter worth about $358,000. JPMorgan Chase & Co. lifted its stake in Turkcell Iletisim Hizmetleri AS by 102.5% in the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider's stock worth $47,000 after purchasing an additional 3,963 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 51.8% in the second quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider's stock worth $135,000 after purchasing an additional 7,626 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Turkcell Iletisim Hizmetleri AS by 13.8% during the second quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider's stock valued at $678,000 after buying an additional 13,616 shares during the period.
Turkcell Iletisim Hizmetleri AS Stock Up 0.1%
Shares of TKC opened at $5.57 on Monday. The company has a market cap of $4.90 billion, a PE ratio of 11.59 and a beta of 0.96. The business has a fifty day moving average of $5.87 and a 200 day moving average of $6.19. Turkcell Iletisim Hizmetleri AS has a 52-week low of $5.35 and a 52-week high of $7.18. The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.58.
Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. The company had revenue of $1.54 billion during the quarter. On average, sell-side analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.
About Turkcell Iletisim Hizmetleri AS
(
Get Free Report)
Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country's first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.
In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.
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