Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Large Volume Increase - Should You Buy?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) shares saw strong trading volume on Friday . 975,901 shares were traded during mid-day trading, an increase of 48% from the previous session's volume of 659,818 shares.The stock last traded at $5.81 and had previously closed at $6.22.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

The stock's 50-day moving average price is $6.12 and its 200 day moving average price is $6.61. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 4.07 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $1.19 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. Equities research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

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

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth approximately $29,000. Aquatic Capital Management LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 89.4% during the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 2,145 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in the 4th quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock valued at $62,000 after purchasing an additional 6,017 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at $70,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. 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 purchasing an additional 1,816 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. 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.