Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Sees Unusually-High Trading Volume – What’s Next?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw an uptick in trading volume on Friday. Approximately 3,362,546 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 1,737,288 shares. The stock last traded at $4.5750 and had previously closed at $4.63.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Turkcell Iletisim Hizmetleri AS from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Down 1.4%

The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 9.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 1.49. The company’s 50 day simple moving average is $5.09 and its two-hundred day simple moving average is $5.86.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. The company had revenue of $1.58 billion during the quarter. Research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.2168 per share. This represents a dividend yield of 425.0%. The ex-dividend date is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s payout ratio is currently 14.29%.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its position in Turkcell Iletisim Hizmetleri AS by 7.4% in the first quarter. QRG Capital Management Inc. now owns 23,383 shares of the Wireless communications provider’s stock worth $141,000 after acquiring an additional 1,612 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 12.5% in the 1st quarter. Kathmere Capital Management LLC now owns 28,738 shares of the Wireless communications provider’s stock valued at $173,000 after purchasing an additional 3,184 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 87.5% in the second quarter. TD Waterhouse Canada Inc. now owns 7,500 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 3,500 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 27.4% in the second quarter. HB Wealth Management LLC now owns 16,911 shares of the Wireless communications provider’s stock worth $99,000 after purchasing an additional 3,639 shares in the last quarter. Finally, Sei Investments Co. increased its position in Turkcell Iletisim Hizmetleri AS by 34.7% during the first quarter. Sei Investments Co. now owns 15,808 shares of the Wireless communications provider’s stock worth $95,000 after buying an additional 4,068 shares during the last quarter.

About Turkcell Iletisim Hizmetleri AS

Turkcell İletişim Hizmetleri A.Ş. is a Türkiye-based telecommunications and technology company that provides mobile communications, broadband internet, and digital services. Through its wireless network, the company offers voice, messaging, mobile data, and related connectivity services to individual and business customers.

Turkcell also provides fixed broadband and converged communications services through its fiber infrastructure and Turkcell Superonline operations. Its digital services portfolio includes messaging and communication applications, digital content and television offerings, cloud and data-center services, cybersecurity, and technology solutions for enterprises and public-sector organizations.

The company operates primarily in Türkiye and has developed additional consumer and business platforms, including Paycell, a digital payments and financial services business.