Taking the lead: Turkcell Iletisim Hizmetleri A.S. (TKC)

Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) stock jumped 0.57% on Tuesday to $5.31 against a previous-day closing price of $5.28. With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.58 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $5.40 whereas the lowest price it dropped to was $5.16. The 52-week range on TKC shows that it touched its highest point at $5.32 and its lowest point at $2.33 during that stretch. It currently has a 1-year price target of $5.80. With its current market cap of 4.51 billion, TKC has annualized dividend of $0.30 while the current yield stands at 5.61%. Beta for the stock currently stands at 0.70.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TKC was up-trending over the past week, with a rise of 12.98%, but this was up by 22.92% over a month. Three-month performance surged to 57.57% while six-month performance rose 121.25%. The stock gained 56.18% in the past year, while it has gained 10.86% so far this year. A look at the trailing 12-month EPS for TKC yields 0.39 with Next year EPS estimates of 0.67. For the next quarter, that number is 0.14. This implies an EPS growth rate of 18.70% for this year and 34.00% for next year. EPS is expected to grow by 31.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.60%.

Float and Shares Shorts:

At present, 871.21 million TKC shares are outstanding with a float of 478.19 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.36 million, which was 0.16% higher than short shares on Sep 14, 2022. In addition to Mr. Murat Erkan as the firm’s Chief Exec. Officer, Mr. Osman Yilmaz serves as its Exec. VP of Fin. & CFO.

Institutional Ownership:

Through their ownership of 3.96% of TKC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.98% of TKC, in contrast to 0.99% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TKC with 1.04% of the stake, Morgan Stanley & Co. LLC holds 9,147,763 shares worth 9,147,763. A second-largest stockholder of TKC, Macquarie Investment Management B, holds 4,970,331 shares, controlling over 0.56% of the firm’s shares. Oldfield Partners LLP is the third largest shareholder in TKC, holding 2,733,517 shares or 0.31% stake. With a 0.51% stake in TKC, the Delaware Emerging Markets Fund is the largest stakeholder. A total of 4,449,485 shares are owned by the mutual fund manager. The Ibuplus SA de CV SIRV, which owns about 0.15% of TKC stock, is the second-largest Mutual Fund holder. It holds 1,335,034 shares valued at 6.39 million. SPDR S&P Kensho New Economies Com holds 0.10% of the stake in TKC, owning 910,603 shares worth 4.36 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TKC since 14 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TKC analysts setting a high price target of $7.31 and a low target of $2.12, the average target price over the next 12 months is $5.01. Based on these targets, TKC could surge 37.66% to reach the target high and fall by -60.08% to reach the target low. Reaching the average price target will result in a decline of -5.65% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TKC will report FY 2022 earnings on 02/16/2024. Analysts have provided yearly estimates in a range of $0.52 being high and $0.39 being low. For TKC, this leads to a yearly average estimate of $0.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Turkcell Iletisim Hizmetleri A.S. surprised analysts by $0.01 when it reported $0.15 EPS against a consensus estimate of $0.14. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.16.

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