Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Large Volume Increase – Still a Buy?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw unusually-strong trading volume on Thursday . 1,855,383 shares changed hands during trading, an increase of 32% from the previous session’s volume of 1,407,514 shares.The stock last traded at $5.6150 and had previously closed at $5.87.

Wall Street Analysts Forecast Growth

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

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 11.59 and a beta of 0.96. The company’s 50-day simple moving average is $5.87 and its 200-day simple moving average is $6.19.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%.The company had revenue of $1.54 billion for the quarter. Analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position 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 valued at $5,773,000 after purchasing an additional 160,213 shares during the period. Jane Street Group LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 1st quarter worth about $358,000. JPMorgan Chase & Co. lifted its stake 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 valued at $47,000 after buying an additional 3,963 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 51.8% during 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 boosted its holdings 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 worth $678,000 after buying an additional 13,616 shares during the period.

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.