Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded by StockNews.com

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

Turkcell Iletisim Hizmetleri A.S. Trading Up 2.2 %

Shares of NYSE TKC opened at $7.58 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.78 and a quick ratio of 1.77. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $3.52 and a twelve month high of $8.02. The firm has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $5.82.

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

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a dividend of $0.169 per share. This represents a dividend yield of 2.38%. The ex-dividend date 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 hedge funds and other institutional investors have recently modified their holdings of TKC. GAMMA Investing LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at $38,000. Blue Trust Inc. lifted its position in 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 valued at $39,000 after acquiring an additional 2,757 shares in the last quarter. Lindbrook Capital LLC lifted its position in 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 valued at $50,000 after acquiring an additional 2,065 shares in the last quarter. Colonial River Wealth Management LLC boosted 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 purchasing an additional 2,125 shares during the last quarter. Finally, CWM LLC increased its holdings 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 worth $61,000 after purchasing 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.