Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Up to $7.64

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped up before the market opened on Wednesday . The stock had previously closed at $7.64, but opened at $7.86. Turkcell Iletisim Hizmetleri A.S. shares last traded at $7.86, with a volume of 76,524 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Friday, June 28th.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $6.97 and its 200 day moving average price is $5.86.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings data on Monday, May 27th. The Wireless communications provider reported $0.10 EPS for the quarter. The company had revenue of $996.26 million during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 10.07% and a return on equity of 11.51%. On average, sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.52 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

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

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

Large investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $38,000. Blue Trust Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 49.7% in the 4th quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 2,757 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 27.6% in the 1st quarter. Lindbrook Capital LLC now owns 9,540 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 2,065 shares in the last quarter. Colonial River Wealth Management LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 21.1% during the 4th quarter. Colonial River Wealth Management LLC now owns 12,190 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 2,125 shares in the last quarter. Finally, CWM LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 17.1% during the 4th quarter. CWM LLC now owns 12,725 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 1,855 shares in 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.