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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw strong trading volume on Thursday . 2,477,910 shares traded hands during trading, an increase of 91% from the previous session’s volume of 1,297,877 shares.The stock last traded at $6.0050 and had previously closed at $6.00.

Analyst Ratings Changes

A number of research firms have recently commented on TKC. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a market capitalization of $5.30 billion, a PE ratio of 12.55 and a beta of 0.97. The business’s 50-day moving average is $6.11 and its 200-day moving average is $6.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.68 and a current ratio of 1.69.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. The business had revenue of $1.54 billion for the quarter. On average, research analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TKC. SBI Securities Co. Ltd. increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter worth about $28,000. WealthCollab LLC boosted its stake in Turkcell Iletisim Hizmetleri AS by 59.7% in the 4th 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 in the last quarter. Arax Advisory Partners boosted its stake in Turkcell Iletisim Hizmetleri AS by 381.2% in the 4th 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 purchased a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at 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.