Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,220,458 shares were traded during trading, an increase of 76% from the previous session's volume of 692,740 shares.The stock last traded at $5.67 and had previously closed at $5.71.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri AS Trading Down 0.8%

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.72. The business's fifty day simple moving average is $6.09 and its 200 day simple moving average is $6.56. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 3.86 and a beta of 0.90.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.52% and a return on equity of 6.56%. The business had revenue of $1.19 billion during the quarter. On average, research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.0866 per share. This represents a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, June 23rd. Turkcell Iletisim Hizmetleri AS's payout ratio is 10.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Turkcell Iletisim Hizmetleri AS in the fourth quarter worth $29,000. Aquatic Capital Management LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS 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 during the last quarter. GeoWealth Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 167.9% in the 4th quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock worth $62,000 after acquiring an additional 6,017 shares during the period. Franklin Resources Inc. bought a new stake in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $70,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in 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 valued at $77,000 after purchasing an additional 1,816 shares during the last quarter.

About Turkcell Iletisim Hizmetleri AS

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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