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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $5.67, but opened at $5.94. Turkcell Iletisim Hizmetleri AS shares last traded at $6.01, with a volume of 181,403 shares traded.

Analysts Set New Price Targets

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

Turkcell Iletisim Hizmetleri AS Trading Up 6.6%

The stock has a market cap of $5.32 billion, a PE ratio of 4.11 and a beta of 0.90. The company has a 50 day moving average of $6.08 and a two-hundred day moving average of $6.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.73.

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 (EPS) for the quarter. The business had revenue of $1.19 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.52% and a return on equity of 6.56%. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th will be issued a $0.0866 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a dividend yield of 4.02%. Turkcell Iletisim Hizmetleri AS's dividend payout ratio is presently 10.88%.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Several large investors have recently added to or reduced their stakes in TKC. Ieq Capital LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 36.2% during the fourth quarter. Ieq Capital LLC now owns 14,092 shares of the Wireless communications provider's stock worth $92,000 after purchasing an additional 3,746 shares during the period. QRG Capital Management Inc. boosted its position in Turkcell Iletisim Hizmetleri AS by 24.7% in the 4th quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider's stock valued at $163,000 after buying an additional 4,967 shares during the period. SVB Wealth LLC purchased a new position in Turkcell Iletisim Hizmetleri AS during the 4th quarter worth $82,000. US Bancorp DE increased its stake in Turkcell Iletisim Hizmetleri AS by 6.8% in 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 during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter valued at 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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