Turkcell Iletisim Hizmetleri AS (NYSE:TKC) on Focus After Report of More Shorts

March 13, 2018 - By Darrin Black

 Turkcell Iletisim Hizmetleri AS (NYSE:TKC) on Focus After Report of More Shorts

The stock of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) registered an increase of 9.57% in short interest. TKC’s total short interest was 1.19 million shares in March as published by FINRA. Its up 9.57% from 1.08M shares, reported previously. With 450,900 shares average volume, it will take short sellers 3 days to cover their TKC’s short positions. The short interest to Turkcell Iletisim Hizmetleri AS’s float is 0.27%.

The stock decreased 0.47% or $0.045 during the last trading session, reaching $9.575. About 101,787 shares traded. Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has declined 9.06% since March 13, 2017 and is downtrending. It has underperformed by 25.76% the S&P500.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company has market cap of $8.45 billion. The firm operates in two divisions, Turkcell Turkey and Turkcell International. It has a 12.85 P/E ratio. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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

Among 3 analysts covering Turkcell (NYSE:TKC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Turkcell had 4 analyst reports since September 3, 2015 according to SRatingsIntel. JP Morgan downgraded Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) on Wednesday, April 6 to “Neutral” rating. Bank of America downgraded the stock to “Neutral” rating in Thursday, September 3 report. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 5. The rating was upgraded by JP Morgan on Thursday, September 17 to “Overweight”.

More notable recent Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) news were published by: Marketwatch.com which released: “Turkcell Iletisim Hizmetleri AS ADR” on September 16, 2015, also Wallstreetpr.com with their article: “Telia Company AB (STO:TELIA) Slashes Turkcell Iletisim Hizmetleri AS (ADR …” published on May 11, 2017, Quotes.Wsj.com published: “Turkcell Iletisim Hizmetleri AS ADR TKC (US: NYSE)” on February 11, 2011. More interesting news about Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) were released by: Benzinga.com and their article: “Turkish Telecoms: The Next Great Investment?” published on September 17, 2015 as well as Seekingalpha.com‘s news article titled: “Turkcell Iletisim Hizmetleri AS: Fairly Valued At Today’s Price, Possible …” with publication date: April 13, 2015.

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