Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Large Volume Increase – Time to Buy?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares saw strong trading volume on Monday. Approximately 2,603,241 shares were traded during trading, an increase of 57% from the previous session’s volume of 1,661,409 shares. The stock last traded at $5.0850 and had previously closed at $5.17.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Monday, September 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Down 1.3%

The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 10.42 and a beta of 0.95. The firm has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $5.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 1.48.

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 business 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%. On average, sell-side analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.2168 per share. This represents a yield of 425.0%. The ex-dividend date of this dividend is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is currently 14.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TKC. Renaissance Technologies LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 28.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider’s stock worth $9,948,000 after acquiring an additional 369,107 shares in the last quarter. Quantinno Capital Management LP raised its position in Turkcell Iletisim Hizmetleri AS by 1,053.2% in the 1st quarter. Quantinno Capital Management LP now owns 567,357 shares of the Wireless communications provider’s stock valued at $3,421,000 after purchasing an additional 518,158 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Turkcell Iletisim Hizmetleri AS in the first quarter worth $3,413,000. Sequoia Financial Advisors LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 34.4% during the second quarter. Sequoia Financial Advisors LLC now owns 157,343 shares of the Wireless communications provider’s stock worth $925,000 after purchasing an additional 40,253 shares during the last quarter. Finally, Corient Private Wealth LP increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 5.2% in the second quarter. Corient Private Wealth LP now owns 142,600 shares of the Wireless communications provider’s stock valued at $838,000 after buying an additional 7,028 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell ?leti?im Hizmetleri A.?. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, the company operates one of Türkiye’s major mobile communications networks and provides wireless voice, messaging and data services to individual and business customers.

In addition to mobile connectivity, Turkcell offers fixed broadband, fiber internet, pay television and other digital services. Its portfolio includes cloud and data-center services, cybersecurity, digital communication and content platforms, and technology solutions for corporate and government customers.