Millennium Management LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 319,812 shares of the Wireless communications provider's stock, valued at approximately $2,082,000.
Several other institutional investors also recently added to or reduced their stakes in TKC. Marshall Wace LLP boosted its position in Turkcell Iletisim Hizmetleri A.S. by 136.2% in the 4th quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider's stock valued at $3,359,000 after buying an additional 297,554 shares during the period. Northern Trust Corp raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 389.1% during the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after acquiring an additional 237,739 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 25.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider's stock valued at $4,500,000 after purchasing an additional 140,489 shares during the period. First Trust Advisors LP boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 137.1% in the fourth quarter. First Trust Advisors LP now owns 156,577 shares of the Wireless communications provider's stock valued at $1,019,000 after purchasing an additional 90,541 shares during the period. Finally, Cerity Partners LLC grew its stake in Turkcell Iletisim Hizmetleri A.S. by 55.3% in the fourth quarter. Cerity Partners LLC now owns 134,776 shares of the Wireless communications provider's stock worth $884,000 after purchasing an additional 48,016 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 20th.
Check Out Our Latest Analysis on Turkcell Iletisim Hizmetleri A.S.
Turkcell Iletisim Hizmetleri A.S. Stock Up 1.0%
Turkcell Iletisim Hizmetleri A.S. stock traded up $0.06 during trading hours on Tuesday, reaching $5.98. The stock had a trading volume of 977,111 shares, compared to its average volume of 645,006. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 4.07 and a beta of 0.91. The business's 50 day moving average price is $6.10 and its 200-day moving average price is $6.64. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $5.66 and a 52 week high of $8.47.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last announced its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.19 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current year.
Turkcell Iletisim Hizmetleri A.S. Announces Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 29th will be given a $0.0866 dividend. This represents a dividend yield of 2.9%. The ex-dividend date is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.'s payout ratio is 11.56%.
About Turkcell Iletisim Hizmetleri A.S.
(
Free Report)
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.
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