Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Large Volume Increase - Time to Buy?

Key Points

• Trading volume surged 94% to 3.36 million shares, while Turkcell’s stock traded at $4.575, below its previous close of $4.63.
• Analyst sentiment remained cautious: Weiss Ratings downgraded the stock from “hold (c)” to “hold (c-),” and the overall analyst consensus is “Hold.”
• Turkcell reported quarterly EPS of $0.13 on $1.58 billion in revenue and declared a $0.2168 annual dividend, with a stated 425% yield and a 14.29% payout ratio.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) shares saw unusually-high trading volume on Friday. 3,362,546 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 1,737,288 shares. The stock last traded at $4.5750 and had previously closed at $4.63.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Turkcell Iletisim Hizmetleri AS from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Turkcell Iletisim Hizmetleri AS Price Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 9.32 and a beta of 0.91. The business's fifty day moving average price is $5.09 and its 200-day moving average price is $5.86.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $1.58 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%. On average, research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current 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 $0.2168 dividend. This represents a yield of 425.0%. The ex-dividend date of this dividend is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS's dividend payout ratio (DPR) is presently 14.29%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 26.2% in the third quarter. Signaturefd LLC now owns 64,851 shares of the Wireless communications provider's stock valued at $320,000 after acquiring an additional 13,468 shares in the last quarter. Formuepleje A S purchased a new position in Turkcell Iletisim Hizmetleri AS during the third quarter valued at $442,000. Foster Group Inc. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 3rd quarter valued at $66,000. QRG Capital Management Inc. increased its stake in shares of Turkcell Iletisim Hizmetleri AS by 8.6% in the 2nd quarter. QRG Capital Management Inc. now owns 25,404 shares of the Wireless communications provider's stock worth $149,000 after acquiring an additional 2,021 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 34.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 157,343 shares of the Wireless communications provider's stock valued at $925,000 after acquiring an additional 40,253 shares during the period.

About Turkcell Iletisim Hizmetleri AS

Turkcell İletişim Hizmetleri A.Ş. 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.

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