Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume - Here's Why

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 raised Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "strong-buy" rating in a research note on Friday.

Turkcell Iletisim Hizmetleri AS Stock Performance

The firm's 50-day moving average price is $6.08 and its 200-day moving average price is $6.55. 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 stock has a market cap of $5.33 billion, a P/E ratio of 4.12 and a beta of 0.90.

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

Turkcell Iletisim Hizmetleri AS Dividend Announcement

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

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of large investors have recently added to or reduced their stakes in TKC. Millennium Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at approximately $2,082,000. Marshall Wace LLP lifted its position in Turkcell Iletisim Hizmetleri AS by 136.2% during the fourth quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider's stock valued at $3,359,000 after purchasing an additional 297,554 shares during the last quarter. Northern Trust Corp lifted its position in Turkcell Iletisim Hizmetleri AS by 389.1% during the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after purchasing an additional 237,739 shares during the last quarter. Vise Technologies Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 84.2% in the 4th quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock worth $2,576,000 after buying an additional 180,918 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 2,408.3% in the 1st quarter. Acadian Asset Management LLC now owns 181,801 shares of the Wireless communications provider's stock worth $1,129,000 after buying an additional 174,553 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.