Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Update

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,024,711 shares, an increase of 97.5% from the July 15th total of 1,531,839 shares. Based on an average daily volume of 3,327,012 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Several institutional investors have recently bought and sold shares of TKC. Millennium Management LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 326.4% during the 3rd quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock worth $21,042,000 after acquiring an additional 2,675,681 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Turkcell Iletisim Hizmetleri AS by 12.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,973,174 shares of the Wireless communications provider’s stock valued at $16,263,000 after acquiring an additional 339,410 shares during the last quarter. Two Sigma Investments LP lifted its position in Turkcell Iletisim Hizmetleri AS by 103.5% during the third quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock worth $11,840,000 after buying an additional 1,000,311 shares during the period. Renaissance Technologies LLC boosted its position in shares of Turkcell Iletisim Hizmetleri AS by 28.8% in the first quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider’s stock worth $9,948,000 after acquiring an additional 369,107 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 34.3% in the 4th quarter. State Street Corp now owns 1,026,095 shares of the Wireless communications provider’s stock valued at $5,705,000 after purchasing an additional 261,791 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Down 0.5%

TKC traded down $0.03 during trading hours on Monday, hitting $5.43. 2,070,680 shares of the company’s stock were exchanged, compared to its average volume of 1,576,039. Turkcell Iletisim Hizmetleri AS has a 12-month low of $5.29 and a 12-month high of $7.18. The firm has a 50 day moving average of $5.76 and a 200 day moving average of $6.14. The company has a current ratio of 1.69, a quick ratio of 1.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.78 billion, a P/E ratio of 11.08 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. The company had revenue of $1.58 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.62%. Analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current fiscal year.

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.