Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Large Drop in Short Interest

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 684,600 shares, a decline of 60.7% from the May 15th total of 1,740,000 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 840,800 shares, the short-interest ratio is presently 0.8 days.

Turkcell Iletisim Hizmetleri A.S. Trading Down 6.0%

NYSE TKC traded down $0.38 on Friday, reaching $5.85. 1,929,373 shares of the company were exchanged, compared to its average volume of 664,004. The business's fifty day moving average price is $6.12 and its 200 day moving average price is $6.61. The stock has a market capitalization of $5.14 billion, a P/E ratio of 3.98 and a beta of 0.90. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $5.66 and a fifty-two week high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. The business had revenue of $1.19 billion for the quarter. Analysts forecast 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 firm also recently declared a -- dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th will be paid a $0.0866 dividend. This represents a dividend 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 large investors have recently modified their holdings of the business. Modern Wealth Management LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at $230,000. Acadian Asset Management LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 2,408.3% in the 1st quarter. Acadian Asset Management LLC now owns 181,801 shares of the Wireless communications provider's stock valued at $1,129,000 after purchasing an additional 174,553 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at $358,000. Ascent Group LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 58.8% in the 1st quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider's stock valued at $121,000 after purchasing an additional 7,189 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 20.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock valued at $5,773,000 after buying an additional 160,213 shares during the period.

Analyst Ratings Changes

Separately, Wall Street Zen raised Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 20th.

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.