Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume – Here’s Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw unusually-high trading volume on Thursday . Approximately 2,477,910 shares were traded 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.

Wall Street Analyst Weigh In

TKC has been the subject of several analyst reports. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Up 0.2%

The stock has a market cap of $5.29 billion, a PE ratio of 12.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.68 and a current ratio of 1.69. The company has a 50 day moving average of $6.12 and a two-hundred day moving average of $6.19.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%.The company had revenue of $1.54 billion for the quarter. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of institutional investors have recently added to or reduced their stakes in TKC. SBI Securities Co. Ltd. raised its position in 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 worth $28,000 after acquiring an additional 1,698 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter valued at about $28,000. WealthCollab LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS by 59.7% in the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 2,244 shares during the period. Arax Advisory Partners grew its position in shares of 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 valued at $41,000 after purchasing an additional 5,936 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 102.5% during the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 3,963 shares in the last quarter.

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.