Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume – Still a Buy?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw an uptick in trading volume on Thursday . Approximately 1,483,222 shares traded hands during trading, a decline of 4% from the previous session’s volume of 1,550,348 shares.The stock last traded at $5.3840 and had previously closed at $5.42.

Analysts Set New Price Targets

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

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 11.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 1.49. The company’s fifty day simple moving average is $5.65 and its two-hundred day simple moving average is $6.06.

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

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP lifted its holdings in Turkcell Iletisim Hizmetleri AS by 5.2% during the 2nd 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 during the last quarter. HB Wealth Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 27.4% in the 2nd 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 during the last quarter. TD Waterhouse Canada Inc. increased its holdings 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 last quarter. Nykredit A S acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at approximately $352,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at 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.