Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Short Interest Update

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

Turkcell Iletisim Hizmetleri A.S. Trading Up 2.0%

NYSE TKC traded up $0.12 during trading on Monday, hitting $5.99. The stock had a trading volume of 1,321,815 shares, compared to its average volume of 703,060. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.27 billion, a PE ratio of 4.07 and a beta of 0.90. The firm has a 50 day moving average price of $6.12 and a 200 day moving average price of $6.61. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $5.66 and a twelve month high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last issued 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 net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.19 billion during the quarter. As a group, equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The business also recently declared a -- dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be given a $0.0866 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio is currently 11.56%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Modern Wealth Management LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the first quarter valued at approximately $230,000. Acadian Asset Management LLC increased its position 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 stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at $358,000. Ascent Group LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 58.8% during the 1st quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider's stock worth $121,000 after purchasing an additional 7,189 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock worth $5,773,000 after purchasing an additional 160,213 shares in the last quarter.

Analyst Upgrades and Downgrades

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

About Turkcell Iletisim Hizmetleri A.S.

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.