What Will Happen to Turkcell Iletisim Hizmetleri A.S. (TKC) Next? The Stock Just Reaches 52 Week Low

July 16, 2018 - By Billy Entrekin

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Logo

The stock of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) hit a new 52-week low and has $5.42 target or 7.00 % below today’s $5.83 share price. The 6 months bearish chart indicates high risk for the $5.33B company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $5.42 price target is reached, the company will be worth $372.75M 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 increased 0.52% or $0.03 during the last trading session, reaching $5.83. About 571,562 shares traded. Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has declined 19.05% since July 16, 2017 and is downtrending. It has underperformed by 31.62% the S&P500.

More important recent Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) news were published by: Streetinsider.com which released: “Turkcell Iletisim Hizmetleri As (TKC) option implied volatility elevated into Erdogan claims victory in Turkey presidential …” on June 25, 2018, also Nasdaq.com published article titled: “Mid-Morning Market Update: Markets Edge Lower; Walgreens Beats Q3 Views”, Benzinga.com published: “20 Stocks Moving In Tuesday’s Pre-Market Session” on July 10, 2018. More interesting news about Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was released by: Benzinga.com and their article: “25 Stocks Moving In Thursday’s Pre-Market Session” with publication date: July 12, 2018.

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company has market cap of $5.33 billion. The firm operates in two divisions, Turkcell Turkey and Turkcell International. It has a 7.83 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.

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