Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Reaches New 52-Week Low - Here's What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.66 and last traded at $5.73, with a volume of 1164113 shares changing hands. The stock had previously closed at $5.87.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company's 50 day simple moving average is $6.39 and its 200 day simple moving average is $6.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The stock has a market cap of $5.04 billion, a P/E ratio of 3.90 and a beta of 0.91.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 29th will be paid a dividend of $0.0866 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.'s payout ratio is presently 11.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at about $2,082,000. Marshall Wace LLP boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 136.2% in the fourth quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider's stock valued at $3,359,000 after buying an additional 297,554 shares during the period. Northern Trust Corp boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. 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 buying an additional 237,739 shares during the period. Vise Technologies Inc. increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 84.2% during the fourth quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock worth $2,576,000 after acquiring an additional 180,918 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 25.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider's stock worth $4,500,000 after acquiring an additional 140,489 shares during the period.

About Turkcell Iletisim Hizmetleri A.S.

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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