Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sets New 52-Week Low at $2.62

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Rating) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.62 and last traded at $2.63, with a volume of 20750 shares. The stock had previously closed at $2.65.

TKC has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating and upped their price target for the stock from 19.30 to 22.10 in a research report on Wednesday, February 23rd. StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Turkcell Iletisim Hizmetleri A.S. has a consensus rating of “Hold” and a consensus price target of $22.10.

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.69 and a current ratio of 1.72. The company has a market capitalization of $2.31 billion, a PE ratio of 5.10 and a beta of 0.63. The firm has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $3.52.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The Wireless communications provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.52% and a return on equity of 20.30%. The firm had revenue of $766.84 million during the quarter. As a group, research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.63 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TKC. D Orazio & Associates Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth $43,000. Kathmere Capital Management LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth $44,000. Wetherby Asset Management Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $47,000. Two Sigma Investments LP bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth $47,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $49,000. Institutional investors own 3.34% of the company’s stock.

About Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services consisting of mobile communications, fixed business internet and business phone, and customer loyalty and programs.

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