Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Hits New 12-Month Low - Here's Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.60 and last traded at $5.61, with a volume of 290551 shares traded. The stock had previously closed at $5.64.

Analysts Set New Price Targets

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

Turkcell Iletisim Hizmetleri AS Stock Down 3.5%

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.73. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 3.87 and a beta of 0.90. The stock's fifty day moving average is $6.09 and its two-hundred day moving average is $6.56.

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 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 for the quarter. Sell-side analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

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

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 17.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock worth $77,000 after acquiring an additional 1,816 shares during the last quarter. Aquatic Capital Management LLC grew its position in Turkcell Iletisim Hizmetleri AS by 89.4% in the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 2,145 shares in the last quarter. Quadrant Capital Group LLC grew its position in Turkcell Iletisim Hizmetleri AS by 2.7% in the 4th quarter. Quadrant Capital Group LLC now owns 85,703 shares of the Wireless communications provider's stock worth $558,000 after purchasing an additional 2,273 shares in the last quarter. US Bancorp DE grew its position in Turkcell Iletisim Hizmetleri AS by 6.8% in the 4th quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider's stock worth $235,000 after purchasing an additional 2,297 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in Turkcell Iletisim Hizmetleri AS by 2.2% in the 4th quarter. Corient Private Wealth LLC now owns 109,286 shares of the Wireless communications provider's stock worth $711,000 after purchasing an additional 2,332 shares in the last quarter.

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.