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 report released on Sunday morning.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Turkcell Iletisim Hizmetleri A.S. stock opened at $7.53 on Friday. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $4.07 and a twelve month high of $8.47. The stock’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $6.46. 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. (NYSE:TKC) last posted 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 return on equity of 11.51% and a net margin of 10.07%. The business had revenue of $996.26 million for the quarter. On average, analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The firm 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 represents a yield of 2.38%. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10.

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

Several large investors have recently bought and sold shares of the business. Atomi Financial Group Inc. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 4.8% in the second quarter. Atomi Financial Group Inc. now owns 28,091 shares of the Wireless communications provider’s stock valued at $213,000 after buying an additional 1,284 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 6.6% in the second quarter. Kathmere Capital Management LLC now owns 24,915 shares of the Wireless communications provider’s stock valued at $189,000 after buying an additional 1,552 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 9.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 21,347 shares of the Wireless communications provider’s stock valued at $103,000 after buying an additional 1,820 shares during the last quarter. CWM LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 17.1% in the fourth quarter. CWM LLC now owns 12,725 shares of the Wireless communications provider’s stock valued at $61,000 after buying an additional 1,855 shares during the last quarter. Finally, Balentine LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 9.6% in the fourth quarter. Balentine LLC now owns 22,309 shares of the Wireless communications provider’s stock valued at $107,000 after buying an additional 1,945 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.