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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw an uptick in trading volume on Thursday . 452,191 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 513,716 shares.The stock last traded at $6.86 and had previously closed at $6.78.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 7.22 and a beta of 0.86. The company’s 50 day moving average is $6.54 and its 200 day moving average is $7.09.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings data on Thursday, September 12th. The Wireless communications provider reported $0.08 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The firm had revenue of $1.07 billion during the quarter. Research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TKC. EverSource Wealth Advisors LLC increased its position in Turkcell Iletisim Hizmetleri A.S. by 8.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 23,224 shares of the Wireless communications provider’s stock valued at $121,000 after acquiring an additional 1,877 shares during the period. Kathmere Capital Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 6.6% in the second quarter. Kathmere Capital Management LLC now owns 24,915 shares of the Wireless communications provider’s stock worth $189,000 after buying an additional 1,552 shares during the last quarter. GAMMA Investing LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 68.2% during the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after acquiring an additional 4,545 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at approximately $77,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock valued at $417,000 after acquiring an additional 2,226 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.