Turkcell Iletisim Hizmetleri A.S. (TKC) Trading Up 6.4%

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) were up 6.4% on Friday . The stock traded as high as $4.36 and last traded at $4.32. Approximately 2,276,180 shares changed hands during mid-day trading, an increase of 151% from the average daily volume of 905,345 shares. The stock had previously closed at $4.06.

Several analysts recently weighed in on TKC shares. Zacks Investment Research downgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 17th. TheStreet downgraded Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research note on Thursday, May 17th. ValuEngine downgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Finally, JPMorgan Chase & Co. started coverage on Turkcell Iletisim Hizmetleri A.S. in a research note on Tuesday, June 12th. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.42 and a quick ratio of 1.40. The company has a market cap of $3.51 billion, a P/E ratio of 5.35 and a beta of 0.73.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its earnings results on Wednesday, July 25th. The Wireless communications provider reported $0.11 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 14.74% and a net margin of 9.30%. The business had revenue of $1.16 billion for the quarter. analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.72 EPS for the current year.

The firm also recently announced an annual dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 18th will be paid a dividend of $0.1566 per share. This represents a yield of 2.65%. This is an increase from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, September 17th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is currently 16.67%.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 8.2% during the 1st quarter. Northern Trust Corp now owns 740,059 shares of the Wireless communications provider’s stock valued at $7,075,000 after purchasing an additional 55,889 shares during the last quarter. Bank of Montreal Can purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $780,000. Brandes Investment Partners LP purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $2,191,000. Aperio Group LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 13.3% during the 1st quarter. Aperio Group LLC now owns 587,156 shares of the Wireless communications provider’s stock valued at $5,613,000 after purchasing an additional 69,119 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 2.6% during the 1st quarter. Natixis Advisors L.P. now owns 591,834 shares of the Wireless communications provider’s stock valued at $5,658,000 after purchasing an additional 14,774 shares during the last quarter. Institutional investors and hedge funds own 3.08% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. Company Profile (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. 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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