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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s share price gapped up prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

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

Turkcell Iletisim Hizmetleri A.S. Stock Up 3.1 %

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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 10.07% and a return on equity of 11.51%. The business had revenue of $996.26 million during the quarter. Equities analysts predict 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 declared an annual dividend, which will be paid on Monday, December 16th. Investors 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 an increase 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 have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 41.4% in the 1st quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock valued at $2,001,000 after acquiring an additional 112,852 shares in the last quarter. BTC Capital Management Inc. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at approximately $1,073,000. StoneX Group Inc. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at approximately $996,000. Citigroup Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 12.9% in the 3rd quarter. Citigroup Inc. now owns 175,121 shares of the Wireless communications provider’s stock valued at $828,000 after acquiring an additional 19,996 shares in the last quarter. Finally, Capital Wealth Planning LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at approximately $880,000.

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.