Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Gap Down - Time to Sell?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.90, but opened at $5.67. Turkcell Iletisim Hizmetleri AS shares last traded at $5.69, with a volume of 187,050 shares changing hands.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a 50 day moving average price of $6.09 and a 200-day moving average price of $6.56. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.01 billion, a P/E ratio of 3.87 and a beta of 0.90.

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

Turkcell Iletisim Hizmetleri AS Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be given a $0.0866 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a yield of 4.02%. Turkcell Iletisim Hizmetleri AS's dividend payout ratio is currently 11.56%.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently modified their holdings of TKC. Ieq Capital LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 36.2% during the 4th quarter. Ieq Capital LLC now owns 14,092 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 3,746 shares in the last quarter. QRG Capital Management Inc. raised its position in Turkcell Iletisim Hizmetleri AS by 24.7% in the fourth quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider's stock valued at $163,000 after purchasing an additional 4,967 shares during the last quarter. SVB Wealth LLC bought a new position in Turkcell Iletisim Hizmetleri AS in the fourth quarter valued at about $82,000. US Bancorp DE boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 6.8% during the fourth quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider's stock valued at $235,000 after purchasing an additional 2,297 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $29,000.

Turkcell Iletisim Hizmetleri AS 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.

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