Shorts Action: A Reversal for Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Is Not Near. The Stock Has Rise in Shorts

November 17, 2016 - By Hazel Jackson   ·   0 Comments

Shorts Action: A Reversal for Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Is Not Near. The Stock Has Rise in Shorts

The stock of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) registered an increase of 0.8% in short interest. TKC’s total short interest was 1.77 million shares in November as published by FINRA. Its up 0.8% from 1.75 million shares, reported previously. With 237,000 shares average volume, it will take short sellers 8 days to cover their TKC’s short positions. The short interest to Turkcell Iletisim Hizmetleri AS’s float is 0.58%. About 421,326 shares traded hands or 44.48% up from the average. Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) has declined 30.46% since April 15, 2016 and is downtrending. It has underperformed by 35.08% the S&P500.

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a global system for mobile communications network in Turkey and regional states. The company has a market cap of $6.21 billion. The Firm provides services to its consumer and corporate clients with its mobile, fixed broadband, television products and other media services. It has a 11.8 P/E ratio.

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 firm has “Neutral” rating by JP Morgan given on Wednesday, April 6. The rating was downgraded by Bank of America on Thursday, September 3 to “Neutral”. The firm earned “Overweight” rating on Thursday, September 17 by JP Morgan.

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.

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.

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By Hazel Jackson


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