Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume – Should You Buy?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw an uptick in trading volume on Tuesday . 857,174 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 1,211,635 shares.The stock last traded at $5.6050 and had previously closed at $5.60.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TKC shares. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Up 0.6%

The stock has a 50-day moving average of $5.88 and a two-hundred day moving average of $5.92. The company has a market cap of $5.00 billion, a P/E ratio of 15.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its earnings results on Thursday, November 6th. The Wireless communications provider reported $0.15 EPS for the quarter. The firm had revenue of $1.46 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%. On average, equities research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 326.4% during the third quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock valued at $21,042,000 after acquiring an additional 2,675,681 shares in the last quarter. Marshall Wace LLP boosted its stake in Turkcell Iletisim Hizmetleri AS by 284.9% during the 2nd quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider’s stock valued at $15,703,000 after purchasing an additional 1,921,276 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 103.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock worth $11,840,000 after purchasing an additional 1,000,311 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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. Finally, Vise Technologies Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the second quarter worth $3,026,000.

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.