Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sets New 12-Month High at $5.63

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.63 and last traded at $5.59, with a volume of 260417 shares trading hands. The stock had previously closed at $5.46.

Analyst Ratings Changes

Separately, StockNews.com upgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th.

Check Out Our Latest Report on TKC

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.66 and a current ratio of 1.67. The company has a 50-day moving average of $4.77 and a 200-day moving average of $4.40. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 6.42 and a beta of 0.78.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Free Report) last issued its quarterly earnings data on Thursday, August 17th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 32.78% and a net margin of 20.94%. The business had revenue of $979.68 million during the quarter. As a group, research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.71 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a $0.0953 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 20th. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is 8.33%.

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

Several institutional investors have recently bought and sold shares of TKC. State Street Corp lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 127.9% in the 2nd quarter. State Street Corp now owns 1,560,701 shares of the Wireless communications provider’s stock valued at $3,902,000 after acquiring an additional 875,887 shares in the last quarter. BlackRock Inc. lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 137.0% in the 3rd quarter. BlackRock Inc. now owns 1,292,829 shares of the Wireless communications provider’s stock valued at $3,438,000 after acquiring an additional 747,414 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 134.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 721,454 shares of the Wireless communications provider’s stock valued at $3,102,000 after acquiring an additional 413,443 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at approximately $1,314,000. Finally, Goldman Sachs Group Inc. lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 63.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 683,094 shares of the Wireless communications provider’s stock valued at $2,657,000 after acquiring an additional 265,015 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Company Profile

(Get Free Report)

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, 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.

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