Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Strong Trading Volume - Here's What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) saw an uptick in trading volume on Friday . 975,901 shares were traded during 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.

Analysts Set New Price Targets

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

The stock has a market capitalization of $5.14 billion, a PE ratio of 3.98 and a beta of 0.90. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The company's 50 day simple moving average is $6.12 and its 200 day simple moving average is $6.61.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts anticipate 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 declared a -- dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be issued a $0.0866 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio (DPR) is 11.56%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TKC. Millennium Management LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth approximately $2,082,000. Marshall Wace LLP increased its position 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 worth $3,359,000 after acquiring an additional 297,554 shares in the last quarter. Northern Trust Corp raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 389.1% in the 4th 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. Vise Technologies Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 84.2% during the 4th quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock valued at $2,576,000 after acquiring an additional 180,918 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 2,408.3% during the 1st quarter. Acadian Asset Management LLC now owns 181,801 shares of the Wireless communications provider's stock valued at $1,129,000 after acquiring an additional 174,553 shares in 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.