Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Hits New 1-Year Low – Here’s Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.91 and last traded at $4.9350, with a volume of 631083 shares changing hands. The stock had previously closed at $5.40.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Down 7.9%

The stock has a market capitalization of $4.38 billion, a P/E ratio of 10.13 and a beta of 0.97. 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 business’s 50 day simple moving average is $5.65 and its 200-day simple moving average is $6.05.

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

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKC. SBI Securities Co. Ltd. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $28,000. Arax Advisory Partners increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 381.2% in the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 5,936 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Turkcell Iletisim Hizmetleri AS by 87.5% in the 2nd 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 during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $44,000.

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.