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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) released its earnings results on Thursday. The Wireless communications provider reported $0.13 earnings per share for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%.

Here are the key takeaways from Turkcell Iletisim Hizmetleri AS’s conference call:

• Operational momentum remained strong: Turkcell surpassed 40 million mobile subscribers, added 284,000 postpaid customers, improved monthly churn to 1.6%, and grew its fiber base by 31,000 subscribers.
• Growth businesses continued to scale, with Digital Business Services revenue up 33% to TRY 8.7 billion, Paycell revenue up 22%, and Superbox adding 64,000 subscribers; the system-integration backlog also increased to TRY 16 billion.
• Management maintained its full-year financial guidance despite raising its expected year-end inflation assumption to approximately 28% from 23%, citing disciplined pricing and expected benefits from recent price increases in the second half.
• Higher 5G-related depreciation, remaining 5G license installments, and currency exposure pressured earnings and finances; net debt reached TRY 44 billion, while the final two license payments of roughly $400 million each are due in December 2026 and May 2027.
• Management expects the data-center and cloud business to become a major long-term growth platform, targeting 10%–15% of group revenue by 2030–31, although it currently represents only 2.3% of revenue and requires substantial investment.

Turkcell Iletisim Hizmetleri AS Trading Down 0.3%

Turkcell Iletisim Hizmetleri AS stock traded down $0.01 during trading hours on Thursday, reaching $5.43. 1,401,228 shares of the company’s stock were exchanged, compared to its average volume of 1,576,415. The firm has a market capitalization of $4.78 billion, a PE ratio of 11.32 and a beta of 0.97. The firm’s 50 day simple moving average is $5.77 and its 200 day simple moving average is $6.15. The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.58. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.29 and a twelve month high of $7.18.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider’s stock worth $5,773,000 after purchasing an additional 160,213 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the first quarter valued at approximately $358,000. JPMorgan Chase & Co. grew its holdings in Turkcell Iletisim Hizmetleri AS by 102.5% during the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 3,963 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 51.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider’s stock valued at $135,000 after acquiring an additional 7,626 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 13.8% during the 2nd quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider’s stock worth $678,000 after acquiring an additional 13,616 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently 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.