Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume – What’s Next?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw strong trading volume on Thursday . Approximately 1,483,222 shares changed 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 reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research 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 presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Down 0.3%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 1.49. The business has a fifty day simple moving average of $5.68 and a 200 day simple moving average of $6.07. The company has a market cap of $4.76 billion, a P/E ratio of 11.03 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%.The business had revenue of $1.58 billion during the quarter. Analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 7.4% during the first quarter. QRG Capital Management Inc. now owns 23,383 shares of the Wireless communications provider’s stock worth $141,000 after acquiring an additional 1,612 shares during the period. SBI Securities Co. Ltd. grew its position in Turkcell Iletisim Hizmetleri AS by 50.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 1,698 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 16.7% during the 4th quarter. HB Wealth Management LLC now owns 12,773 shares of the Wireless communications provider’s stock worth $70,000 after purchasing an additional 1,831 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 115,095 shares of the Wireless communications provider’s stock worth $630,000 after purchasing an additional 1,906 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Turkcell Iletisim Hizmetleri AS by 16.8% during the fourth quarter. Inspire Investing LLC now owns 13,230 shares of the Wireless communications provider’s stock valued at $72,000 after buying an additional 1,906 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.