Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) saw an uptick in trading volume on Thursday . 2,477,910 shares changed hands during trading, an increase of 91% from the previous session’s volume of 1,297,877 shares.The stock last traded at $6.0050 and had previously closed at $6.00.
Analysts Set New Price Targets
Several equities analysts have issued reports on TKC shares. Wall Street Zen lowered shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
Get Our Latest Research Report on TKC
Turkcell Iletisim Hizmetleri AS Trading Up 0.2%
Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter. The firm had revenue of $1.54 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. On average, sell-side analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 160,213 shares during the period. Jane Street Group LLC purchased a new position in Turkcell Iletisim Hizmetleri AS during the 1st quarter worth approximately $358,000. JPMorgan Chase & Co. lifted its stake in Turkcell Iletisim Hizmetleri AS by 102.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 3,963 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 51.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider’s stock valued at $135,000 after acquiring an additional 7,626 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 13.8% in the second quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider’s stock worth $678,000 after acquiring an additional 13,616 shares during the period.
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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