Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Issues Earnings Results

Key Points

• Turkcell Iletisim Hizmetleri AS reported quarterly earnings of $0.13 per share, with a return on equity of 6.56% and a net margin of 13.52%.
• The company declared a dividend of $0.0866 per share, yielding 402.0%, with a payout ratio of 10.88%.
• Large investors have recently increased their stakes in Turkcell, with JPMorgan Chase & Co. growing their stake by 102.5% in the second quarter.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) issued its quarterly earnings results on Wednesday. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.56% and a net margin of 13.52%.

Turkcell Iletisim Hizmetleri AS Stock Up 0.3%

TKC stock traded up $0.02 during midday trading on Wednesday, reaching $6.04. 419,708 shares of the company's stock traded hands, compared to its average volume of 603,462. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 4.11 and a beta of 0.92. The firm's fifty day moving average price is $5.90 and its 200-day moving average price is $6.34. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.54 and a 52 week high of $7.75.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.0866 per share. This represents a yield of 402.0%. The ex-dividend date was Monday, June 23rd. Turkcell Iletisim Hizmetleri AS's payout ratio is 10.88%.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Turkcell Iletisim Hizmetleri AS by 102.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 3,963 shares during the period. EverSource Wealth Advisors LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 51.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider's stock valued at $135,000 after purchasing an additional 7,626 shares during the period. Jane Street Group LLC bought a new position in Turkcell Iletisim Hizmetleri AS in the 1st quarter valued at $358,000. Guggenheim Capital LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 13.8% in the 2nd quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider's stock valued at $678,000 after purchasing an additional 13,616 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock valued at $5,773,000 after purchasing an additional 160,213 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th.

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.

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