Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Issues Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) issued its earnings results on Monday. The Wireless communications provider reported $0.11 earnings per share for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%.

Here are the key takeaways from Turkcell Iletisim Hizmetleri AS’s conference call:

• Turkcell launched nationwide 5G on March 31, secured ~40% of the 5G spectrum (about 25% more capacity than its closest competitor) and demonstrated live speeds >2 Gbps, reinforcing its network leadership and go-to-market momentum.
• Strong Q1 financials — revenues +9% YoY to TRY 68bn, Group EBITDA of TRY 28bn (41.4% margin) and net income +15% to TRY 4.6bn, driven by operational discipline and expanded non-telco contributions.
• Diversification gains from Digital Business Services and Paycell — DBS revenues +64% YoY, data center/cloud +21%, >TRY 10bn system-integration backlog, while Paycell revenues rose 15% and Pay Later users exceeded 3 million.
• Consumer/mobile ARPU was broadly flat with real-term contraction due to last year’s competitive pricing and contract lags, which could pressure revenue per user despite strong postpaid net additions (661k).
• Heavy investment year — CapEx/sales 21.5% (85% to connectivity) and net debt rose to TRY 49bn, but liquidity appears adequate (TRY 96bn cash, $1bn Murabaha) with net leverage at 0.42x and an active FX hedging stance.

Turkcell Iletisim Hizmetleri AS Stock Down 4.1%

TKC stock opened at $6.47 on Tuesday. The stock’s 50 day simple moving average is $6.28 and its 200 day simple moving average is $6.15. The company has a market cap of $5.69 billion, a P/E ratio of 14.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.70. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.35 and a fifty-two week high of $7.18.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Several hedge funds and other institutional investors have recently modified their holdings of TKC. Goldman Sachs Group Inc. lifted its holdings in shares of 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 worth $5,773,000 after purchasing an additional 160,213 shares in the last quarter. Jane Street Group LLC acquired a new position in Turkcell Iletisim Hizmetleri AS during the first quarter worth $358,000. JPMorgan Chase & Co. raised its holdings in 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 13.8% during 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.

Analysts Set New Price Targets

TKC has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Friday, March 27th. Wall Street Zen lowered shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.