The stock of Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) hit a new 52-week low and has $6.79 target or 5.00% below today’s $7.15 share price. The 9 months bearish chart indicates high risk for the $6.39B company. The 1-year low was reported on Nov, 16 by Barchart.com. If the $6.79 price target is reached, the company will be worth $319.50M 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. About 119,035 shares traded hands. Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) has declined 30.25% since April 14, 2016 and is downtrending. It has underperformed by 34.94% 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. JP Morgan upgraded the stock to “Overweight” rating in Thursday, September 17 report. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 6. The firm has “Neutral” rating given on Thursday, September 3 by Bank of America.
According to Zacks Investment Research, “Turkcell is the leading provider of mobile communications services in Turkey.”
More recent Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) news were published by: Marketwatch.com which released: “Turkcell Iletisim Hizmetleri AS ADR” on October 13, 2010. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “Turkish Telecoms: The Next Great Investment?” with publication date: September 17, 2015 was also an interesting one.
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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