According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “
Separately, ValuEngine lowered Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.25.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.26% and a return on equity of 12.10%. On average, equities research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current year.
Several large investors have recently bought and sold shares of TKC. Redhawk Wealth Advisors Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at approximately $32,000. US Bancorp DE raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 170.9% in the second quarter. US Bancorp DE now owns 7,112 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 4,487 shares during the period. Holistic Financial Partners purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $60,000. OneAscent Financial Services LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $66,000. Finally, First Trust Advisors LP purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $69,000. 3.06% of the stock is owned by institutional investors and hedge funds.
Turkcell Iletisim Hizmetleri A.S. Company Profile
Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.
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