Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sets New 52-Week Low – Here’s What Happened

by · The Markets Daily

Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $4.73 and last traded at $4.7340, with a volume of 81,837 shares changing hands. The stock had previously closed at $4.91.

Analyst Ratings Changes

Separately, Weiss Ratings cut Turkcell Iletisim Hizmetleri AS from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS has a consensus rating of “Hold”.

View Our Latest Report on Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS Stock Down 3.2%

The business has a fifty day moving average of $5.17 and a 200 day moving average of $5.69. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The firm has a market cap of $4.18 billion, a P/E ratio of 9.70 and a beta of 0.91.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. The company had revenue of $1.58 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%. On average, equities research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 10th will be issued a $0.2168 dividend. This represents a dividend yield of 425.0%. The ex-dividend date is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is 36.73%.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 7.4% in the first quarter. QRG Capital Management Inc. now owns 23,383 shares of the Wireless communications provider’s stock valued at $141,000 after buying an additional 1,612 shares during the period. Kathmere Capital Management LLC raised its position in Turkcell Iletisim Hizmetleri AS by 12.5% in the 1st quarter. Kathmere Capital Management LLC now owns 28,738 shares of the Wireless communications provider’s stock valued at $173,000 after buying an additional 3,184 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 87.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,500 shares of the Wireless communications provider’s stock worth $44,000 after acquiring an additional 3,500 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 27.4% in the second quarter. HB Wealth Management LLC now owns 16,911 shares of the Wireless communications provider’s stock worth $99,000 after purchasing an additional 3,639 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 34.7% in the first quarter. Sei Investments Co. now owns 15,808 shares of the Wireless communications provider’s stock worth $95,000 after purchasing an additional 4,068 shares in the last quarter.

About Turkcell Iletisim Hizmetleri AS

(Get Free Report)

Turkcell İletişim Hizmetleri A.Ş. is a Türkiye-based telecommunications and technology company that provides mobile communications, broadband internet, and digital services. Through its wireless network, the company offers voice, messaging, mobile data, and related connectivity services to individual and business customers.

Turkcell also provides fixed broadband and converged communications services through its fiber infrastructure and Turkcell Superonline operations. Its digital services portfolio includes messaging and communication applications, digital content and television offerings, cloud and data-center services, cybersecurity, and technology solutions for enterprises and public-sector organizations.

The company operates primarily in Türkiye and has developed additional consumer and business platforms, including Paycell, a digital payments and financial services business.

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