Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Significant Decrease in Short Interest

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,848,680 shares, a drop of 38.9% from the July 30th total of 3,024,711 shares. Based on an average trading volume of 1,664,880 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the company’s shares are sold short.

Turkcell Iletisim Hizmetleri AS Stock Performance

Shares of NYSE:TKC remained flat at $5.03 during trading on Tuesday. 4,543,855 shares of the company’s stock traded hands, compared to its average volume of 1,622,299. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $4.90 and a fifty-two week high of $7.18. The firm’s fifty day simple moving average is $5.61 and its 200 day simple moving average is $6.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market cap of $4.43 billion, a P/E ratio of 10.27 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. The business 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%. As a group, equities analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One equities research 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”.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP grew its position in shares of Turkcell Iletisim Hizmetleri AS by 5.2% during the second quarter. Corient Private Wealth LP now owns 142,600 shares of the Wireless communications provider’s stock worth $838,000 after buying an additional 7,028 shares in the last quarter. HB Wealth Management LLC raised its holdings in Turkcell Iletisim Hizmetleri AS by 27.4% in the second quarter. HB Wealth Management LLC now owns 16,911 shares of the Wireless communications provider’s stock valued at $99,000 after acquiring an additional 3,639 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Turkcell Iletisim Hizmetleri AS by 87.5% in the second quarter. TD Waterhouse Canada Inc. now owns 7,500 shares of the Wireless communications provider’s stock valued at $44,000 after acquiring an additional 3,500 shares in the last quarter. Nykredit A S purchased a new position in Turkcell Iletisim Hizmetleri AS in the second quarter worth approximately $352,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Turkcell Iletisim Hizmetleri AS in the second quarter worth approximately $443,000.

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.