Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Lowered to "Buy" Rating by Wall Street Zen

Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) from a strong-buy rating to a buy rating in a report issued on Friday.

Turkcell Iletisim Hizmetleri AS Stock Up 0.3%

Turkcell Iletisim Hizmetleri AS stock traded up $0.02 during mid-day trading on Friday, hitting $5.84. 113,854 shares of the company's stock were exchanged, compared to its average volume of 692,115. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.13 billion, a P/E ratio of 3.97 and a beta of 0.88. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.54 and a 1-year high of $8.47. The stock has a 50 day moving average of $6.08 and a two-hundred day moving average of $6.48.

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

Turkcell Iletisim Hizmetleri AS Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.0866 per share. The ex-dividend date was Monday, June 23rd. This represents a dividend yield of 4.02%. Turkcell Iletisim Hizmetleri AS's dividend payout ratio is presently 10.88%.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Turkcell Iletisim Hizmetleri AS by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider's stock valued at $216,000 after acquiring an additional 3,767 shares during the period. Two Sigma Investments LP purchased a new position in Turkcell Iletisim Hizmetleri AS in the 4th quarter worth $304,000. GAMMA Investing LLC raised its position in Turkcell Iletisim Hizmetleri AS by 545.6% in the 1st quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock worth $580,000 after purchasing an additional 78,853 shares during the period. Northern Trust Corp increased its position in shares of Turkcell Iletisim Hizmetleri AS by 389.1% in the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after acquiring an additional 237,739 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 55.3% during the fourth quarter. Cerity Partners LLC now owns 134,776 shares of the Wireless communications provider's stock valued at $884,000 after buying an additional 48,016 shares during the period.

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.