Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Releases Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced its earnings results on Thursday. The Wireless communications provider reported $0.15 EPS for the quarter, Zacks reports. The business 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%.

Turkcell Iletisim Hizmetleri AS Stock Down 3.4%

Shares of TKC stock traded down $0.21 during mid-day trading on Friday, reaching $5.82. 861,654 shares of the company were exchanged, compared to its average volume of 1,200,411. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.35 and a fifty-two week high of $7.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.12 billion, a P/E ratio of 18.17 and a beta of 0.97. The business’s 50 day simple moving average is $5.86 and its 200 day simple moving average is $5.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Turkcell Iletisim Hizmetleri AS by 2,157.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 176,731 shares of the Wireless communications provider’s stock worth $1,064,000 after acquiring an additional 168,902 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Turkcell Iletisim Hizmetleri AS in the second quarter worth about $143,000. Corient Private Wealth LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 80.7% in the second quarter. Corient Private Wealth LLC now owns 192,180 shares of the Wireless communications provider’s stock worth $1,163,000 after purchasing an additional 85,848 shares in the last quarter. Vident Advisory LLC increased its holdings in Turkcell Iletisim Hizmetleri AS by 1.9% in the second quarter. Vident Advisory LLC now owns 334,622 shares of the Wireless communications provider’s stock valued at $2,024,000 after buying an additional 6,276 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Turkcell Iletisim Hizmetleri AS by 82.7% during the second quarter. Quantinno Capital Management LP now owns 161,838 shares of the Wireless communications provider’s stock valued at $979,000 after buying an additional 73,234 shares in the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on TKC shares. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.