Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.29 and last traded at $5.3850, with a volume of 1568069 shares traded. The stock had previously closed at $5.40.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Research Report on Turkcell Iletisim Hizmetleri AS
Turkcell Iletisim Hizmetleri AS Trading Down 0.6%
Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.54 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. On average, research analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its position in Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 1,698 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter worth about $28,000. WealthCollab LLC grew its position in Turkcell Iletisim Hizmetleri AS by 59.7% during the 4th quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 2,244 shares during the period. Arax Advisory Partners raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 381.2% during the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 5,936 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at about $44,000.
Turkcell Iletisim Hizmetleri AS Company Profile
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.
Further Reading
- Five stocks we like better than Turkcell Iletisim Hizmetleri AS
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Turkcell Iletisim Hizmetleri AS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turkcell Iletisim Hizmetleri AS and related companies with MarketBeat.com's FREE daily email newsletter.
