Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a strong-buy rating in a research note published on Tuesday.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of NYSE:TKC opened at $6.40 on Tuesday. The firm has a market capitalization of $5.63 billion, a PE ratio of 4.35 and a beta of 0.91. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $6.65. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $5.66 and a twelve month high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. The company had revenue of $1.19 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. Equities analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current year.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider’s stock worth $216,000 after buying an additional 3,767 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 24.7% during the 4th quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider’s stock worth $163,000 after acquiring an additional 4,967 shares during the period. Cerity Partners LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 55.3% in the 4th quarter. Cerity Partners LLC now owns 134,776 shares of the Wireless communications provider’s stock worth $884,000 after purchasing an additional 48,016 shares in the last quarter. US Bancorp DE lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 6.8% in the 4th quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider’s stock worth $235,000 after purchasing an additional 2,297 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at $91,000.

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.