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Why Turkcell Iletisim Hizmetleri A.S. ADR (TKC) Stock Could See Much Higher Prices Ahead

Turkcell Iletisim Hizmetleri A.S. ADR (NYSE: TKC) is 34.30% higher on its value in year-to-date trading and has touched a low of $4.61 and a high of $8.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TKC stock was last observed hovering at around $6.41 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $6.46, the stock is -2.47% and -0.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 0.78% at the moment leaves the stock -4.03% off its SMA200. TKC registered 33.47% gain for a year compared to 6-month loss of -11.14%. The firm has a 50-day simple moving average (SMA 50) of $6.5154 and a 200-day simple moving average (SMA200) of $6.72375.

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The stock witnessed a -4.15% gain in the last 1 month and extending the period to 3 months gives it a -8.50%, and is -3.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.62% over the week and 1.82% over the month.

Current P/E ratio is 14.99 and Fwd P/E is 7.91. Profit margin for the company is 7.92%. Distance from 52-week low is 40.28% and -23.73% from its 52-week high. The company has generated returns on investments over the last 12 months (5.24%).

The EPS is expected to grow by 88.66% this year, but quarterly earnings will post 12.17% year-over-year.

Turkcell Iletisim Hizmetleri A.S. ADR (TKC) Top Institutional Holders

The shares outstanding are 872.84M, and float is at 872.83M with Short Float at 0.04%.

The top institutional shareholder in the company is MORGAN STANLEY with over 10.89 million shares valued at $82.57 million. The investor’s holdings represent 0.4992% of the TKC Shares outstanding. As of 2024-06-30, the second largest holder is MACQUARIE GROUP LTD with 4.79 million shares valued at $36.3 million to account for 0.2195 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.48 million shares representing 0.1137% and valued at over $18.8 million, while O’SHAUGHNESSY ASSET MANAGEMENT, LLC holds 0.0607 of the shares totaling 1.32 million with a market value of $10.04 million.

Turkcell Iletisim Hizmetleri A.S. ADR (TKC) Insider Activity

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