Connor Clark & Lunn Investment Management Ltd. Invests $346,000 in Turkcell Iletisim Hizmetleri AS $TKC

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired 55,643 shares of Turkcell Iletisim Hizmetleri AS, valued at approximately $346,000.
• Turkcell reported a net margin of 13.15% and a return on equity of 7.00% in its most recent quarterly earnings, with revenue reaching $1.37 billion.
• The company recently announced a dividend payment of $0.0866 per share, resulting in a significant dividend yield of 402.0%.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,643 shares of the Wireless communications provider's stock, valued at approximately $346,000.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Turkcell Iletisim Hizmetleri AS by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider's stock valued at $216,000 after acquiring an additional 3,767 shares during the last quarter. Two Sigma Investments LP bought a new stake in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $304,000. GAMMA Investing LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 545.6% during the 1st quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock valued at $580,000 after buying an additional 78,853 shares during the period. Cerity Partners LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 47.6% during the 1st quarter. Cerity Partners LLC now owns 198,885 shares of the Wireless communications provider's stock valued at $1,237,000 after buying an additional 64,109 shares during the period. Finally, Northern Trust Corp increased its stake in Turkcell Iletisim Hizmetleri AS by 389.1% during the 4th quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after buying an additional 237,739 shares during the period.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Stock Down 0.7%

NYSE TKC traded down $0.0450 during trading on Friday, reaching $6.0350. The company's stock had a trading volume of 914,720 shares, compared to its average volume of 627,994. The business has a 50-day moving average price of $5.86 and a 200-day moving average price of $6.27. The company has a current ratio of 1.69, a quick ratio of 1.72 and a debt-to-equity ratio of 0.52. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.54 and a 1-year high of $7.63. The stock has a market capitalization of $5.31 billion, a PE ratio of 4.11 and a beta of 0.92.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. The business had revenue of $1.37 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. On average, research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.0866 dividend. The ex-dividend date was Monday, June 23rd. This represents a dividend yield of 402.0%. Turkcell Iletisim Hizmetleri AS's dividend payout ratio is currently 10.88%.

Turkcell Iletisim Hizmetleri AS Company Profile

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