Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) saw strong trading volume on Thursday . 1,855,383 shares changed hands during trading, an increase of 32% from the previous session’s volume of 1,407,514 shares.The stock last traded at $5.6150 and had previously closed at $5.87.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.
Check Out Our Latest Report on TKC
Turkcell Iletisim Hizmetleri AS Stock Performance
Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share 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 for the quarter. On average, analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.
Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Turkcell Iletisim Hizmetleri AS by 326.4% in 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 purchasing an additional 2,675,681 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Turkcell Iletisim Hizmetleri AS by 12.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,973,174 shares of the Wireless communications provider’s stock valued at $16,263,000 after acquiring an additional 339,410 shares in the last quarter. Two Sigma Investments LP increased its holdings in Turkcell Iletisim Hizmetleri AS by 103.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock valued at $11,840,000 after acquiring an additional 1,000,311 shares in the last quarter. Renaissance Technologies LLC raised its position in Turkcell Iletisim Hizmetleri AS by 28.8% during the first quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider’s stock worth $9,948,000 after acquiring an additional 369,107 shares during the last quarter. Finally, State Street Corp raised its position in Turkcell Iletisim Hizmetleri AS by 34.3% during the fourth quarter. State Street Corp now owns 1,026,095 shares of the Wireless communications provider’s stock worth $5,705,000 after acquiring an additional 261,791 shares during the last quarter.
About Turkcell Iletisim Hizmetleri AS
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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