Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down - Here's What Happened

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $6.44, but opened at $6.21. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.26, with a volume of 208,550 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of 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. Trading Down 6.0%

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

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

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The company also recently declared 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 dividend payout ratio (DPR) is presently 11.56%.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth $29,000. Aquatic Capital Management LLC lifted its position in shares of 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 valued at $30,000 after purchasing an additional 2,145 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% during the fourth 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. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth about $70,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Turkcell Iletisim Hizmetleri A.S. by 17.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock valued at $77,000 after acquiring an additional 1,816 shares in the last quarter.

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.