Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Issues Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) released its quarterly earnings results on Monday. The Wireless communications provider reported $0.11 earnings per share for the quarter, Zacks reports. The business had revenue of $1.44 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.96%.

Here are the key takeaways from Turkcell Iletisim Hizmetleri AS’s conference call:

• Turkcell launched nationwide 5G on March 31, secured ~40% of the 5G spectrum (about 25% more capacity than its closest competitor) and demonstrated live speeds >2 Gbps, reinforcing its network leadership and go-to-market momentum.
• Strong Q1 financials — revenues +9% YoY to TRY 68bn, Group EBITDA of TRY 28bn (41.4% margin) and net income +15% to TRY 4.6bn, driven by operational discipline and expanded non-telco contributions.
• Diversification gains from Digital Business Services and Paycell — DBS revenues +64% YoY, data center/cloud +21%, >TRY 10bn system-integration backlog, while Paycell revenues rose 15% and Pay Later users exceeded 3 million.
• Consumer/mobile ARPU was broadly flat with real-term contraction due to last year’s competitive pricing and contract lags, which could pressure revenue per user despite strong postpaid net additions (661k).
• Heavy investment year — CapEx/sales 21.5% (85% to connectivity) and net debt rose to TRY 49bn, but liquidity appears adequate (TRY 96bn cash, $1bn Murabaha) with net leverage at 0.42x and an active FX hedging stance.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of TKC traded down $0.03 during mid-day trading on Wednesday, reaching $6.35. The stock had a trading volume of 463,128 shares, compared to its average volume of 1,149,245. The business has a fifty day moving average of $6.28 and a 200 day moving average of $6.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.70. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 13.21 and a beta of 1.02. Turkcell Iletisim Hizmetleri AS has a 12 month low of $5.35 and a 12 month high of $7.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Turkcell Iletisim Hizmetleri AS in the 4th quarter worth $28,000. Arax Advisory Partners lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 381.2% in the fourth quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 5,936 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 102.5% in the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 3,963 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter worth about $44,000. Finally, Royal Bank of Canada grew its position in shares of Turkcell Iletisim Hizmetleri AS by 48.0% during the fourth quarter. Royal Bank of Canada now owns 10,834 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 3,512 shares in the last quarter.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.