Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Large Volume Increase – What’s Next?

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw unusually-strong trading volume on Monday. 1,801,913 shares traded hands during trading, an increase of 6% from the previous session’s volume of 1,697,028 shares. The stock last traded at $4.9050 and had previously closed at $4.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Turkcell Iletisim Hizmetleri AS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS presently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 1.49. The firm has a market cap of $4.32 billion, a P/E ratio of 10.01 and a beta of 0.91. The company’s 50 day moving average is $5.21 and its 200 day moving average is $5.71.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. The firm had revenue of $1.58 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. As a group, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.53 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be given a dividend of $0.2168 per share. The ex-dividend date is Thursday, December 10th. This represents a yield of 425.0%. Turkcell Iletisim Hizmetleri AS’s payout ratio is currently 36.73%.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

A number of institutional investors and hedge funds have recently bought and sold shares of TKC. QRG Capital Management Inc. increased its holdings in Turkcell Iletisim Hizmetleri AS by 7.4% in the first quarter. QRG Capital Management Inc. now owns 23,383 shares of the Wireless communications provider’s stock valued at $141,000 after purchasing an additional 1,612 shares during the period. Kathmere Capital Management LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS by 12.5% in the 1st quarter. Kathmere Capital Management LLC now owns 28,738 shares of the Wireless communications provider’s stock valued at $173,000 after buying an additional 3,184 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Turkcell Iletisim Hizmetleri AS by 87.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,500 shares of the Wireless communications provider’s stock valued at $44,000 after buying an additional 3,500 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 27.4% in the second quarter. HB Wealth Management LLC now owns 16,911 shares of the Wireless communications provider’s stock valued at $99,000 after buying an additional 3,639 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 34.7% in the first quarter. Sei Investments Co. now owns 15,808 shares of the Wireless communications provider’s stock valued at $95,000 after buying an additional 4,068 shares during the period.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri A.S. is a Türkiye-based telecommunications and technology company that provides mobile communications, broadband internet and digital services. Through its Turkcell brand, the company offers wireless voice and data services, mobile applications, fixed broadband connections and related communications products for individual and business customers.

Turkcell also develops and distributes digital services, including messaging, payment, entertainment, cloud, cybersecurity and enterprise technology solutions.