Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a buy rating to a hold rating in a research note issued to investors on Friday.

Turkcell Iletisim Hizmetleri A.S. Price Performance

NYSE:TKC opened at $7.94 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.45. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.07 and a 52 week high of $8.47. The business’s 50-day simple moving average is $7.61 and its two-hundred day simple moving average is $6.24. The stock has a market cap of $6.99 billion, a PE ratio of 8.51 and a beta of 0.85.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last issued its earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $996.26 million for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.51% and a net margin of 10.07%. As a group, analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.169 dividend. This represents a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

Several institutional investors have recently added to or reduced their stakes in TKC. Blue Trust Inc. lifted its position in Turkcell Iletisim Hizmetleri A.S. by 49.7% during the fourth quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock valued at $39,000 after purchasing an additional 2,757 shares during the period. Caprock Group LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 16.2% during the fourth quarter. Caprock Group LLC now owns 24,154 shares of the Wireless communications provider’s stock worth $116,000 after purchasing an additional 3,361 shares during the period. Colonial River Wealth Management LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 21.1% in the fourth quarter. Colonial River Wealth Management LLC now owns 12,190 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 2,125 shares during the period. Ballentine Partners LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 19.3% in the fourth quarter. Ballentine Partners LLC now owns 42,452 shares of the Wireless communications provider’s stock valued at $204,000 after buying an additional 6,853 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 3.7% in the 4th quarter. Cerity Partners LLC now owns 100,373 shares of the Wireless communications provider’s stock worth $483,000 after acquiring an additional 3,557 shares during 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.