Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Gap Up – Should You Buy?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) gapped up prior to trading on Thursday . The stock had previously closed at $6.12, but opened at $6.41. Turkcell Iletisim Hizmetleri AS shares last traded at $6.5450, with a volume of 390,003 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TKC shares. Wall Street Zen raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Up 7.4%

The firm’s 50 day simple moving average is $5.77 and its 200-day simple moving average is $5.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 17.76 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its earnings results on Friday, November 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.47% and a net margin of 7.52%.The business had revenue of $1.43 billion for the quarter. Equities analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in Turkcell Iletisim Hizmetleri AS by 73.1% during the fourth quarter. Blue Trust Inc. now owns 41,364 shares of the Wireless communications provider’s stock worth $226,000 after acquiring an additional 17,471 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter worth about $56,000. Frank Rimerman Advisors LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $533,000. Kathmere Capital Management LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 15.4% in the 4th quarter. Kathmere Capital Management LLC now owns 25,554 shares of the Wireless communications provider’s stock valued at $140,000 after purchasing an additional 3,403 shares during the last quarter. Finally, Tuttle Capital Management LLC bought a new position in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $101,000.

Turkcell Iletisim Hizmetleri AS Company Profile

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.