Two Sigma Investments LP Takes $304,000 Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Two Sigma Investments LP bought a new stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,705 shares of the Wireless communications provider's stock, valued at approximately $304,000.

A number of other hedge funds also recently modified their holdings of TKC. JPMorgan Chase & Co. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock worth $44,000 after acquiring an additional 2,656 shares during the period. Savant Capital LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 37.9% in the 4th quarter. Savant Capital LLC now owns 20,862 shares of the Wireless communications provider's stock worth $136,000 after buying an additional 5,738 shares in the last quarter. Ieq Capital LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 36.2% during the 4th quarter. Ieq Capital LLC now owns 14,092 shares of the Wireless communications provider's stock valued at $92,000 after purchasing an additional 3,746 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 24.7% during the 4th quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider's stock valued at $163,000 after purchasing an additional 4,967 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at $82,000.

Turkcell Iletisim Hizmetleri A.S. Price Performance

TKC stock traded down $0.38 during midday trading on Friday, reaching $5.85. 1,929,373 shares of the company's stock traded hands, compared to its average volume of 666,087. The company has a 50-day simple moving average of $6.12 and a two-hundred day simple moving average of $6.61. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 3.98 and a beta of 0.90. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $5.66 and a 1-year high of $8.47. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last released 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 during the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. On average, analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The business also recently declared a -- dividend, which will be paid on Wednesday, January 7th. Stockholders 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%.

Wall Street Analyst Weigh In

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

About Turkcell Iletisim Hizmetleri A.S.

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.