Turkcell Iletisim Hizmetleri A.S. (TKC): Find Out What Insiders Are Doing

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Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded with an addition of $0.22 to close at $4.84 on Friday, an upside of 4.87 percent. An average of 474,513 shares of common stock have been traded in the last five days. There was a gain of $0.52 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 573,443 shares traded, while the 50-day average volume stands at 544,069.

TKC stock has increased by 4.76% in the last month. The company shares reached their 1-month lowest point of $4.05 on 12/08/22. With the stock rallying to its 52-week high on 12/30/22, shares of the company touched a low of $2.33 and a high of $4.91 in 52 weeks. It has reached a new high 23 times so far this year and achieved 28.69% or $1.25 in price. In spite of this, the price is down -1.32% from the 52-week high.

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Valuation Metrics

Turkcell Iletisim Hizmetleri A.S. (TKC) has a trailing price-to-earnings (P/E) ratio of 11.67. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.67, the price-to-book (PB) ratio at 2.94, and the price-to-cash flow ratio at 4.09.

The company’s most recent quarterly dividend payment was $0.0826 a share, representing a down of -25.18% from $0.1104 last year. Its latest decrease dividend $0.0278 reported on Wednesday June 22 2022.

Financial Health

The quick ratio of Turkcell Iletisim Hizmetleri A.S. for the three months ended September 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.48 and a total debt to equity ratio of 2.03 for the quarter ending September 29. Its gross profit as reported stood at $1.24 billion compared to revenue of $4.16 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Turkcell Iletisim Hizmetleri A.S.’s return on assets was 8.00%.

Earnings Surprise

For the three-month period that ended September 29, Turkcell Iletisim Hizmetleri A.S. had $769.9 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.03 billion in the quarter, while revenues were grew 15.78%. The analyst consensus anticipated Turkcell Iletisim Hizmetleri A.S.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.15, a 7.10% surprise. For the quarter, EBITDA amounted to $440.71 million. At the end of the quarter ending September 29, Turkcell Iletisim Hizmetleri A.S.’s stock balance sheet showed total liabilities of 3.63 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Turkcell Iletisim Hizmetleri A.S. (TKC) price momentum. RSI 9-day as of the close on 29 December was 63.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.40%.

As of today, TKC’s price is $4.64 +12.15% or $0.52 from its 5-day moving average. TKC is currently trading +8.15% higher than its 20-day SMA and +102.72% higher than its 100-day SMA. However, the stock’s current price level is +44.63% above the SMA50 and +30.59% above the SMA200.

The stochastic %K and %D were 66.82% and 65.65%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 83.22% and the average true range at 0.23, the RSI (14) stands at 61.86%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.

Analyst Ratings

Goldman downgraded Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Turkcell Iletisim Hizmetleri A.S. (TKC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TKC, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is TKC’s price target for the next 12 months?

Analysts predict a range of price targets between $2.12 and $5.60, with a median target of $4.30. Taking a look at these predictions, the average price target given by analysts for Turkcell Iletisim Hizmetleri A.S. (TKC) stock is $4.17.

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