Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Issues Earnings Results, Misses Expectations By $0.09 EPS

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) announced its quarterly earnings data on Wednesday. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.09), Morningstar.com reports. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.32% and a return on equity of 12.09%. The firm had revenue of $1.07 billion during the quarter.

Shares of TKC traded up $0.08 during midday trading on Thursday, hitting $5.63. 499,021 shares of the company traded hands, compared to its average volume of 528,481. The stock’s 50-day moving average is $5.58. Turkcell Iletisim Hizmetleri A.S. has a one year low of $3.93 and a one year high of $7.16. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.52 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.79 and a current ratio of 1.81.

Institutional investors and hedge funds have recently made changes to their positions in the company. Oldfield Partners LLP boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 14.0% in the second quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock worth $32,294,000 after buying an additional 721,794 shares in the last quarter. Aperio Group LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 2.6% in the second quarter. Aperio Group LLC now owns 653,798 shares of the Wireless communications provider’s stock worth $3,583,000 after buying an additional 16,364 shares in the last quarter. Millennium Management LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 101.6% in the fourth quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock worth $2,504,000 after buying an additional 224,565 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 1.1% in the first quarter. Brandes Investment Partners LP now owns 303,918 shares of the Wireless communications provider’s stock worth $1,629,000 after buying an additional 3,418 shares in the last quarter. Finally, Thomas White International Ltd. boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 30.1% in the first quarter. Thomas White International Ltd. now owns 275,015 shares of the Wireless communications provider’s stock worth $1,474,000 after buying an additional 63,684 shares in the last quarter. Hedge funds and other institutional investors own 3.03% of the company’s stock.

A number of equities research analysts recently issued reports on TKC shares. ValuEngine upgraded Turkcell Iletisim Hizmetleri A.S. from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 25th. Finally, HSBC cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.25.

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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Earnings History for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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