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Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down - Should You Sell?

Turkcell Iletisim Hizmetleri A.S. logo with Computer and Technology background

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $5.87, but opened at $5.66. Turkcell Iletisim Hizmetleri A.S. shares last traded at $5.71, with a volume of 201,209 shares traded.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

The company has a market cap of $5.32 billion, a P/E ratio of 4.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The business has a 50-day moving average of $6.30 and a two-hundred day moving average of $6.65.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last posted its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.19 billion during the quarter. On average, sell-side analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be paid a $0.0866 dividend. This represents a yield of 2.9%. The ex-dividend date 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 hedge funds and other institutional investors have recently modified their holdings of TKC. SBI Securities Co. Ltd. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth $29,000. Aquatic Capital Management LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 89.4% in the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 2,145 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $44,000 after purchasing an additional 2,656 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in 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 during the period. Finally, Franklin Resources Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter worth about $70,000.

About Turkcell Iletisim Hizmetleri A.S.

(Get Free Report)

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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