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

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

Turkcell Iletisim Hizmetleri A.S. Stock Up 1.4 %

TKC opened at $7.94 on Friday. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.07 and a fifty-two week high of $8.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.77 and a current ratio of 1.78. The company has a fifty day moving average of $7.61 and a two-hundred day moving average of $6.26. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 8.63 and a beta of 0.85.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 10.07% and a return on equity of 11.51%. The company had revenue of $996.26 million during the quarter. On average, research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, December 16th. Shareholders 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 2.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 4.8% during the second quarter. Atomi Financial Group Inc. now owns 28,091 shares of the Wireless communications provider’s stock worth $213,000 after purchasing an additional 1,284 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 1,445.2% during the second quarter. Blue Trust Inc. now owns 22,467 shares of the Wireless communications provider’s stock worth $170,000 after purchasing an additional 21,013 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 4.2% during the second quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock worth $417,000 after purchasing an additional 2,226 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth about $77,000. Finally, GAMMA Investing LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 68.2% during the second quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after purchasing an additional 4,545 shares in the last quarter.

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.