Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Posts Quarterly Earnings Results

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

Turkcell Iletisim Hizmetleri AS Price Performance

Turkcell Iletisim Hizmetleri AS stock traded up $0.11 during mid-day trading on Monday, hitting $6.75. 583,554 shares of the company were exchanged, compared to its average volume of 1,153,869. The company has a quick ratio of 1.69, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $6.29 and a 200 day moving average of $6.14. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.35 and a 1-year high of $7.18. The company has a market capitalization of $5.94 billion, a PE ratio of 14.66 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Turkcell Iletisim Hizmetleri AS currently has an average rating of “Hold”.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtus Investment Advisers LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $152,000. WINTON GROUP Ltd acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $123,000. Bank of Montreal Can acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $115,000. Brooklyn Investment Group increased its holdings in Turkcell Iletisim Hizmetleri AS by 106.6% during the 3rd quarter. Brooklyn Investment Group now owns 16,665 shares of the Wireless communications provider’s stock valued at $100,000 after purchasing an additional 8,599 shares in the last quarter. Finally, PCM Encore LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $94,000.

Turkcell Iletisim Hizmetleri AS Company Profile

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.