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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw an uptick in trading volume on Monday. 1,801,913 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 1,697,028 shares. The stock last traded at $4.9050 and had previously closed at $4.93.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Turkcell Iletisim Hizmetleri AS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

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 stock has a market cap of $4.37 billion, a P/E ratio of 9.94 and a beta of 0.91. The business’s 50-day moving average price is $5.18 and its 200-day moving average price is $5.70.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. The firm had revenue of $1.58 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%. As a group, sell-side analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.53 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

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

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently modified their holdings of TKC. Formuepleje A S bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the third quarter worth about $442,000. Foster Group Inc. bought a new stake in Turkcell Iletisim Hizmetleri AS during the 3rd quarter valued at approximately $66,000. QRG Capital Management Inc. raised its stake in Turkcell Iletisim Hizmetleri AS by 8.6% during the 2nd quarter. QRG Capital Management Inc. now owns 25,404 shares of the Wireless communications provider’s stock valued at $149,000 after purchasing an additional 2,021 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Turkcell Iletisim Hizmetleri AS by 34.4% in the 2nd 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 in the last quarter. Finally, Nykredit A S purchased a new position in Turkcell Iletisim Hizmetleri AS in the 2nd quarter worth approximately $352,000.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell ?leti?im Hizmetleri A.?. 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.