Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded with an addition of $0.03 to $5.36 on Thursday, an upside of 0.47 percent. An average of 649,078 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 478,789 shares traded, while the 50-day average volume stands at 484,020.
TKC stock has increased by 25.70% in the last month. The company shares reached their 1-month lowest point of $4.06 on 07/25/23. With the stock rallying to its 52-week high on 08/24/23, shares of the company touched a low of $2.66 and a high of $5.45 in 52 weeks. It has reached a new high 5 times so far this year and achieved 11.80% or $0.57 in price. In spite of this, the price is down -1.74% from the 52-week high.
Valuation Metrics
Turkcell Iletisim Hizmetleri A.S. (TKC) has a trailing price-to-earnings (P/E) ratio of 8.82. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.91, the price-to-book (PB) ratio at 3.37.
The company’s most recent quarterly dividend payment was $0.0953 a share, representing a up of 15.38% from $0.0826 last year. Its latest increase dividend $0.0127 reported on Wednesday August 9 2023.
Financial Health
The quick ratio of Turkcell Iletisim Hizmetleri A.S. for the three months ended December 30 was 1.70, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.38 and a total debt to equity ratio of 2.06 for the quarter ending December 30. Turkcell Iletisim Hizmetleri A.S.’s EBITDA margin for the year ending December 30 is 40.78%, while its operating margin for the same period stands at 40.70%. Its gross profit as reported stood at $522.09 million compared to revenue of $3.77 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 13.10%.
Earnings Surprise
For the three-month period that ended December 30, Turkcell Iletisim Hizmetleri A.S. had $671.59 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 $4.18 billion in the quarter, while revenues were shrunk -20.48%. The analyst consensus anticipated Turkcell Iletisim Hizmetleri A.S.’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.37, a 131.20% surprise. For the quarter, EBITDA amounted to $722.65 million. At the end of the quarter ending December 30, Turkcell Iletisim Hizmetleri A.S.’s stock balance sheet showed total liabilities of 4.76 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 23 August was 71.43%, suggesting the stock is Overbought, with historical volatility in this time frame at 51.52%.
As of today, TKC’s price is $5.17 +6.77% or $0.34 from its 5-day moving average. TKC is currently trading +21.82% higher than its 20-day SMA and +24.65% higher than its 100-day SMA. However, the stock’s current price level is +36.39% above the SMA50 and +41.06% above the SMA200.
The stochastic %K and %D were 82.72% and 77.96%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 82.23% and the average true range at 0.21, the RSI (14) stands at 69.52%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at 0.31.
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 Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TKC, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 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 $1.46 and $7.87, with a median target of $6.64. Taking a look at these predictions, the average price target given by analysts for Turkcell Iletisim Hizmetleri A.S. (TKC) stock is $6.04.
