Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Up – Here’s Why

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped up before the market opened on Monday . The stock had previously closed at $6.02, but opened at $6.24. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.22, with a volume of 86,147 shares changing hands.

Turkcell Iletisim Hizmetleri A.S. Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The firm has a 50-day moving average of $6.68 and a 200-day moving average of $6.69. The firm has a market capitalization of $5.36 billion, a P/E ratio of 4.14 and a beta of 0.86.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th will be issued a $0.0866 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is 11.56%.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at about $35,000. JPMorgan Chase & Co. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 2,656 shares during the last quarter. Ballentine Partners LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 19.2% during the 4th quarter. Ballentine Partners LLC now owns 75,144 shares of the Wireless communications provider’s stock valued at $489,000 after purchasing an additional 12,088 shares during the period. Blue Trust Inc. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 69.7% during the 4th quarter. Blue Trust Inc. now owns 122,119 shares of the Wireless communications provider’s stock valued at $840,000 after purchasing an additional 50,166 shares during the period. Finally, BTC Capital Management Inc. raised its position in Turkcell Iletisim Hizmetleri A.S. by 2.7% during the 4th quarter. BTC Capital Management Inc. now owns 201,373 shares of the Wireless communications provider’s stock valued at $1,308,000 after purchasing an additional 5,383 shares during the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.