Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Large Volume Increase – What’s Next?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw an uptick in trading volume on Wednesday . 2,891,636 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 1,485,580 shares.The stock last traded at $5.4350 and had previously closed at $5.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Up 0.5%

The firm has a market cap of $4.77 billion, a PE ratio of 11.30 and a beta of 0.96. The business’s 50 day moving average price is $5.83 and its 200 day moving average price is $6.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.68.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. The firm had revenue of $1.54 billion for the quarter. On average, equities research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.93 earnings per share for the current year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider’s stock valued at $5,773,000 after purchasing an additional 160,213 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth $358,000. JPMorgan Chase & Co. grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 102.5% during the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 3,963 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Turkcell Iletisim Hizmetleri AS by 51.8% in the second quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider’s stock valued at $135,000 after buying an additional 7,626 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position 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 valued at $678,000 after buying an additional 13,616 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.