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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) released its quarterly earnings data on Monday. The Wireless communications provider reported $0.11 earnings per share 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 Stock Up 1.1%

Shares of NYSE:TKC traded up $0.08 during mid-day trading on Monday, hitting $6.72. 536,760 shares of the company traded hands, compared to its average volume of 1,153,349. The firm has a market cap of $5.91 billion, a P/E ratio of 14.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.70. Turkcell Iletisim Hizmetleri AS has a 52-week low of $5.35 and a 52-week high of $7.18. The firm’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $6.14.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at about $28,000. Arax Advisory Partners raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 381.2% during the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 5,936 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 102.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 3,963 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at about $44,000. Finally, Royal Bank of Canada increased its holdings in Turkcell Iletisim Hizmetleri AS by 48.0% during the 4th quarter. Royal Bank of Canada now owns 10,834 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 3,512 shares during the last quarter.

Wall Street Analyst Weigh In

TKC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Friday, March 27th. Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

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.