Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sets New 52-Week Low at $4.17

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $4.17 and last traded at $4.20, with a volume of 19652 shares. The stock had previously closed at $4.24.

Several research analysts recently commented on the company. TheStreet cut Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research note on Thursday, October 7th. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Turkcell Iletisim Hizmetleri A.S. in a research note on Thursday, August 19th.

The company has a 50-day moving average price of $4.58 and a 200-day moving average price of $4.63. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.58 and a current ratio of 1.61.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Thursday, August 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $814.58 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 19.42% and a net margin of 14.82%. On average, research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.76 earnings per share for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Monday, November 8th. Stockholders of record on Monday, November 1st will be issued a $0.1104 dividend. This represents a dividend yield of 7.3%. The ex-dividend date is Friday, October 29th. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is currently 12.70%.

Several institutional investors have recently bought and sold shares of TKC. Envestnet Asset Management Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 18.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 21,930 shares of the Wireless communications provider’s stock valued at $102,000 after purchasing an additional 3,442 shares during the last quarter. The PNC Financial Services Group Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 32.4% in the 1st quarter. The PNC Financial Services Group Inc. now owns 10,962 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 2,683 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 2,629.2% in the 1st quarter. BlackRock Inc. now owns 1,523,330 shares of the Wireless communications provider’s stock valued at $7,114,000 after purchasing an additional 1,467,515 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at about $71,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 14.2% in the 1st quarter. Acadian Asset Management LLC now owns 161,429 shares of the Wireless communications provider’s stock valued at $754,000 after purchasing an additional 20,065 shares during the last quarter. 3.34% of the stock is owned by institutional investors and hedge funds.

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

TURKCELL Iletisim Hizmetleri AS is engages in the provision of communication and technology services. It operates through the following segments: Turkcell Turkey, Turkcell International, and All Other. The Turkcell Turkey segment includes the operations of information and entertainment services in Turkey and Azerbaijan, and of non-group call center.

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