Millennium Management LLC Makes New Investment in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Millennium Management LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 319,812 shares of the Wireless communications provider's stock, valued at approximately $2,082,000.

Several other hedge funds have also bought and sold shares of TKC. SBI Securities Co. Ltd. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $29,000. Aquatic Capital Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 89.4% in the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 2,145 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock valued at $44,000 after acquiring an additional 2,656 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock valued at $62,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $70,000.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of Turkcell Iletisim Hizmetleri A.S. stock traded down $0.06 during trading hours on Thursday, hitting $6.19. The company's stock had a trading volume of 303,765 shares, compared to its average volume of 648,900. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The company has a market cap of $5.44 billion, a PE ratio of 4.21 and a beta of 0.90. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $5.66 and a 12-month high of $8.47. The business has a 50 day moving average price of $6.10 and a two-hundred day moving average price of $6.63.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last posted its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 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%. Analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

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. The ex-dividend date is Monday, December 29th. This represents a dividend yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 20th.

Turkcell Iletisim Hizmetleri A.S. 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.