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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw unusually-high trading volume on Tuesday . Approximately 1,270,249 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 1,156,950 shares.The stock last traded at $6.0610 and had previously closed at $6.14.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.69. The stock has a 50-day moving average price of $6.50 and a 200-day moving average price of $6.05. The firm has a market capitalization of $5.33 billion, a PE ratio of 13.16 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%.The firm had revenue of $1.50 billion during the quarter. On average, research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Several institutional investors have recently added to or reduced their stakes in TKC. SBI Securities Co. Ltd. boosted its stake in Turkcell Iletisim Hizmetleri AS by 50.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $28,000. WealthCollab LLC lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 59.7% during the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 2,244 shares during the last quarter. Arax Advisory Partners grew its stake in Turkcell Iletisim Hizmetleri AS by 381.2% in the fourth quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 5,936 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Turkcell Iletisim Hizmetleri AS in the fourth quarter worth about $44,000.

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.