Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Gap Down – What’s Next?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares gapped down prior to trading on Friday. The stock had previously closed at $4.78, but opened at $4.47. Turkcell Iletisim Hizmetleri AS shares last traded at $4.5550, with a volume of 1,601,356 shares changing hands.

Wall Street Analysts Forecast Growth

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

Turkcell Iletisim Hizmetleri AS Trading Down 3.9%

The business has a 50 day moving average of $5.16 and a two-hundred day moving average of $5.68. 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 capitalization of $4.04 billion, a price-to-earnings ratio of 9.38 and a beta of 0.91.

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

Turkcell Iletisim Hizmetleri AS Dividend Announcement

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

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

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

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell İletişim Hizmetleri A.Ş. is a Türkiye-based telecommunications and technology company that provides mobile communications, broadband internet, and digital services. Through its wireless network, the company offers voice, messaging, mobile data, and related connectivity services to individual and business customers.

Turkcell also provides fixed broadband and converged communications services through its fiber infrastructure and Turkcell Superonline operations. Its digital services portfolio includes messaging and communication applications, digital content and television offerings, cloud and data-center services, cybersecurity, and technology solutions for enterprises and public-sector organizations.

The company operates primarily in Türkiye and has developed additional consumer and business platforms, including Paycell, a digital payments and financial services business.