Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Posts Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) posted its earnings results on Monday. The Wireless communications provider reported $0.16 EPS for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%.

Turkcell Iletisim Hizmetleri AS Trading Up 3.8%

NYSE TKC traded up $0.17 during trading hours on Monday, reaching $4.75. The company’s stock had a trading volume of 116,674 shares, compared to its average volume of 1,757,418. The firm has a fifty day simple moving average of $4.99 and a 200-day simple moving average of $5.82. The stock has a market cap of $4.18 billion, a P/E ratio of 9.68 and a beta of 0.99. Turkcell Iletisim Hizmetleri AS has a 52 week low of $4.46 and a 52 week high of $7.18. 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 Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be issued a $0.2168 dividend. This represents a yield of 425.0%. The ex-dividend date is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is 36.73%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Turkcell Iletisim Hizmetleri AS

Turkcell İletişim Hizmetleri A.Ş. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, it provides mobile voice and data services, along with fixed broadband and television offerings.

The company also develops digital services and technology solutions for consumers and businesses, including communications, payments, cloud, and data-center services. Its core market is Türkiye, and it serves customers in the Turkish Republic of Northern Cyprus through a local operation.

Turkcell’s chief executive officer is Ali Taha Koç, who took the role in 2023.