Notable Runner: Turkcell Iletisim Hizmetleri A.S. (ADR) Just Reaches 1 Year Low?

Notable Runner: Turkcell Iletisim Hizmetleri A.S. (ADR) Just Reaches 1 Year Low?

The stock of Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) hit a new 52-week low and has $6.67 target or 9.00% below today’s $7.33 share price. The 8 months bearish chart indicates high risk for the $6.39 billion company. The 1-year low was reported on Nov, 10 by If the $6.67 price target is reached, the company will be worth $575.10 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.79% or $0.21 on November 10, hitting $7.33. About 476,552 shares traded hands or 77.54% up from the average. Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) has declined 24.14% since April 8, 2016 and is downtrending. It has underperformed by 29.79% the S&P500.

Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) Ratings Coverage

Out of 2 analysts covering Turkcell (NYSE:TKC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Turkcell has been the topic of 3 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America on Thursday, September 3 to “Neutral”. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, April 6. JP Morgan upgraded Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) on Thursday, September 17 to “Overweight” rating.

According to Zacks Investment Research, “Turkcell is the leading provider of mobile communications services in Turkey.”

More important recent Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) news were published by: which released: “Turkcell Iletisim Hizmetleri AS ADR” on October 13, 2010, also published article titled: “DOW JONES, A NEWS CORP COMPANY”, published: “Turkish Telecoms: The Next Great Investment?” on September 17, 2015. More interesting news about Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) was released by: and their article: “Turkcell Iletisim Hizmetleri A.S.: Fairly Valued At Today’s Price, Possible …” with publication date: April 13, 2015.

TKC Company Profile

Turkcell Iletisim Hizmetleri AS, incorporated on January 5, 1993, is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s divisions include Turkcell Turkey, Turkcell International and Other. The Firm provides services to its consumer and corporate clients with its mobile, fixed broadband, television products and other media services. Turkcell Turkey segment includes the activities of Superonline Iletisim Hizmetleri A.S. (Turkcell Superonline), Turkcell Satis ve Dagitim Hizmetleri A.S. (Turkcell Satis), group call center activities of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S. (Turkcell Global Bilgi), Turktell Bilisim Servisleri A.S. (Turktell), Turkcell Teknoloji Arastirma ve Gelistirme A.S. (Turkcell Teknoloji), Turkcell Interaktif Dijital Platform ve Icerik Hizmetleri A.S. (Turktell Interaktif), Kule Hizmet ve Isletmecilik A.S. (Global Tower), Rehberlik Hizmetleri Servisi A.S. (Rehberlik), Turkcell Odeme Hizmetleri A.S. (Turkcell Odeme) and Turkcell Gayrimenkul Hizmetleri A.S. (Turkcell Gayrimenkul). Turkcell International segment includes the activities of Kibris Mobile Telekomunikasyon Limited Sirketi (Kibris Telekom), Eastasia, Euroasia, Astelit, Beltur, Beltel, Belarusian Telecom, UkrTower, Global LLC, Turkcell Europe, Lifetech LLC and Fintur Holdings B.V. (Fintur). Other segment mainly comprises the information and entertainment services in Turkey and Azerbaijan and non-group call center activities of Turkcell Global Bilgi.

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