Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Issues Quarterly Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) issued its quarterly earnings results on Monday. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%.

Turkcell Iletisim Hizmetleri AS Stock Up 3.6%

Shares of NYSE TKC traded up $0.17 during trading hours on Monday, hitting $4.74. The company had a trading volume of 534,799 shares, compared to its average volume of 1,757,418. The stock has a market capitalization of $4.17 billion, a P/E ratio of 9.66 and a beta of 0.99. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. Turkcell Iletisim Hizmetleri AS has a 1-year low of $4.46 and a 1-year high of $7.18. The firm’s 50 day moving average is $4.99 and its 200-day moving average is $5.82.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 10th will be paid a dividend of $0.2168 per share. The ex-dividend date is Thursday, December 10th. This represents a dividend yield of 425.0%. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is currently 36.73%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Turkcell Iletisim Hizmetleri AS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell İletişim Hizmetleri A.Ş. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, it provides mobile voice and data services, along with fixed broadband and television offerings.

The company also develops digital services and technology solutions for consumers and businesses, including communications, payments, cloud, and data-center services. Its core market is Türkiye, and it serves customers in the Turkish Republic of Northern Cyprus through a local operation.

Turkcell’s chief executive officer is Ali Taha Koç, who took the role in 2023.