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

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $6.38, but opened at $6.24. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.15, with a volume of 102,406 shares.

Analyst Upgrades and Downgrades

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

Turkcell Iletisim Hizmetleri A.S. Trading Down 1.5%

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 fifty day moving average is $6.10 and its 200-day moving average is $6.65. The firm has a market capitalization of $5.33 billion, a P/E ratio of 4.12 and a beta of 0.91.

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 during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. As a group, sell-side analysts anticipate 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 disclosed a -- dividend, which will be paid on Wednesday, January 7th. Investors 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 is currently 11.56%.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several large investors have recently modified their holdings of TKC. JPMorgan Chase & Co. boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock worth $44,000 after buying an additional 2,656 shares during the period. Blue Trust Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 69.7% during the 4th quarter. Blue Trust Inc. now owns 122,119 shares of the Wireless communications provider's stock worth $840,000 after buying an additional 50,166 shares during the period. BTC Capital Management Inc. raised its stake in Turkcell Iletisim Hizmetleri A.S. by 2.7% during the 4th quarter. BTC Capital Management Inc. now owns 201,373 shares of the Wireless communications provider's stock valued at $1,308,000 after purchasing an additional 5,383 shares during the last quarter. Greenleaf Trust acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at $135,000. Finally, Savant Capital LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 37.9% during the 4th quarter. Savant Capital LLC now owns 20,862 shares of the Wireless communications provider's stock valued at $136,000 after purchasing an additional 5,738 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.