Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Declares $0.09 Dividend

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) announced a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be paid a dividend of 0.0866 per share by the Wireless communications provider on Tuesday, July 1st. This represents a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, June 23rd.

Turkcell Iletisim Hizmetleri AS has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Turkcell Iletisim Hizmetleri AS to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 29.6%.

Turkcell Iletisim Hizmetleri AS Stock Down 1.3%

Shares of Turkcell Iletisim Hizmetleri AS stock traded down $0.08 during trading on Friday, reaching $5.78. 1,879,289 shares of the company traded hands, compared to its average volume of 680,001. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.72. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.66 and a 1-year high of $8.47. The company has a 50 day moving average price of $6.11 and a 200-day moving average price of $6.59. The firm has a market capitalization of $5.08 billion, a PE ratio of 3.93 and a beta of 0.90.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.52% and a return on equity of 6.56%. The firm had revenue of $1.19 billion during the quarter. As a group, equities research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri AS stock. Goldman Sachs Group Inc. raised its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 20.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 928,094 shares of the Wireless communications provider's stock after purchasing an additional 160,213 shares during the quarter. Goldman Sachs Group Inc. owned 0.11% of Turkcell Iletisim Hizmetleri AS worth $5,773,000 as of its most recent SEC filing.

Analysts Set New Price Targets

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

Turkcell Iletisim Hizmetleri AS Company 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.