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

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Turkcell Iletisim Hizmetleri AS Stock Performance

The firm has a market capitalization of $4.99 billion, a PE ratio of 3.86 and a beta of 0.90. 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 business's 50 day simple moving average is $6.08 and its two-hundred day simple moving average is $6.55.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share for the quarter. The business 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%. Research 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 paid a dividend of $0.0866 per share. 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 presently 10.88%.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Several hedge funds and other institutional investors have recently modified their holdings of TKC. Dimensional Fund Advisors LP increased its stake in Turkcell Iletisim Hizmetleri AS by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider's stock worth $216,000 after buying an additional 3,767 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Turkcell Iletisim Hizmetleri AS in the 4th quarter worth $304,000. GAMMA Investing LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 545.6% during the 1st quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock valued at $580,000 after purchasing an additional 78,853 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Turkcell Iletisim Hizmetleri AS by 24.7% during 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 in the last quarter. Finally, Northern Trust Corp grew its position in shares of 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 in 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.