Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Strong Trading Volume - Still a Buy?

Key Points

• Trading activity increased sharply: About 2.6 million TKC shares traded, up 57% from the prior session, while the stock fell 1.3% to $5.085.
• Analyst sentiment remains cautious: Weiss Ratings reaffirmed a “Hold (C)” rating, consistent with the overall analyst consensus. Turkcell reported quarterly EPS of $0.13 on $1.58 billion in revenue, with analysts expecting $0.53 in full-year EPS.
• Dividend and institutional interest stand out: The company declared a $0.2168 annual dividend, while several institutional investors—including Renaissance Technologies and Quantinno Capital Management—recently increased their positions.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) saw an uptick in trading volume on Monday. Approximately 2,603,241 shares traded hands during mid-day trading, an increase of 57% from the previous session's volume of 1,661,409 shares. The stock last traded at $5.0850 and had previously closed at $5.17.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, September 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Down 1.3%

The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.82. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 10.42 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. The business had revenue of $1.58 billion during the quarter. As a group, equities analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.53 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 10th will be given 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 payout ratio is currently 14.29%.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Several hedge funds and other institutional investors have recently modified their holdings of TKC. Renaissance Technologies LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 28.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider's stock valued at $9,948,000 after purchasing an additional 369,107 shares during the last quarter. Quantinno Capital Management LP grew its position in Turkcell Iletisim Hizmetleri AS by 1,053.2% in the 1st quarter. Quantinno Capital Management LP now owns 567,357 shares of the Wireless communications provider's stock worth $3,421,000 after purchasing an additional 518,158 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Turkcell Iletisim Hizmetleri AS during the 1st quarter worth about $3,413,000. Sequoia Financial Advisors LLC increased its holdings in shares of 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 worth $925,000 after purchasing an additional 40,253 shares during the period. Finally, Corient Private Wealth LP raised its position in shares of Turkcell Iletisim Hizmetleri AS by 5.2% during the second quarter. Corient Private Wealth LP now owns 142,600 shares of the Wireless communications provider's stock valued at $838,000 after buying an additional 7,028 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell İletişim Hizmetleri A.Ş. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, the company operates one of Türkiye's major mobile communications networks and provides wireless voice, messaging and data services to individual and business customers.

In addition to mobile connectivity, Turkcell offers fixed broadband, fiber internet, pay television and other digital services. Its portfolio includes cloud and data-center services, cybersecurity, digital communication and content platforms, and technology solutions for corporate and government customers.

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