Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,483,222 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 1,550,348 shares.The stock last traded at $5.3840 and had previously closed at $5.42.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Turkcell Iletisim Hizmetleri AS has an average rating of “Hold”.
Get Our Latest Stock Analysis on Turkcell Iletisim Hizmetleri AS
Turkcell Iletisim Hizmetleri AS Price Performance
Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. The company had revenue of $1.58 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%. Equities research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.54 earnings per share for the current fiscal year.
Institutional Trading of Turkcell Iletisim Hizmetleri AS
Several institutional investors have recently bought and sold shares of TKC. Goldman Sachs Group Inc. raised its stake in Turkcell Iletisim Hizmetleri AS by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider’s stock worth $5,773,000 after acquiring an additional 160,213 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 1st quarter worth about $358,000. JPMorgan Chase & Co. grew its holdings in shares of 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 worth $47,000 after purchasing an additional 3,963 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 51.8% during the 2nd 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 in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 13.8% during the 2nd quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider’s stock worth $678,000 after purchasing an additional 13,616 shares in the last quarter.
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.
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