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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report)'s stock price gapped down prior to trading 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 changing hands.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 4.11 and a beta of 0.91. The business's 50 day simple moving average is $6.30 and its 200-day simple moving average is $6.65.

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 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. Research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 29th will be issued 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 payout ratio is currently 11.56%.

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

Large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock worth $77,000 after buying an additional 1,816 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in 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 worth $30,000 after acquiring an additional 2,145 shares during the period. Quadrant Capital Group LLC lifted its holdings in Turkcell Iletisim Hizmetleri A.S. by 2.7% in the 4th quarter. Quadrant Capital Group LLC now owns 85,703 shares of the Wireless communications provider's stock valued at $558,000 after acquiring an additional 2,273 shares during the last quarter. US Bancorp DE lifted its holdings in Turkcell Iletisim Hizmetleri A.S. by 6.8% in the 4th quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider's stock valued at $235,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 2.2% during the 4th quarter. Corient Private Wealth LLC now owns 109,286 shares of the Wireless communications provider's stock valued at $711,000 after purchasing an additional 2,332 shares in 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.