Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,917,836 shares, a growth of 59.3% from the September 15th total of 2,459,718 shares. Based on an average trading volume of 2,925,251 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Turkcell Iletisim Hizmetleri AS from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Analysis on TKC
Turkcell Iletisim Hizmetleri AS Stock Performance
Shares of TKC traded down $0.06 during trading hours on Friday, hitting $4.92. The company had a trading volume of 270,993 shares, compared to its average volume of 1,693,961. The business has a fifty day moving average of $5.22 and a 200-day moving average of $5.72. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 10.07 and a beta of 0.91. Turkcell Iletisim Hizmetleri AS has a 12 month low of $4.82 and a 12 month high of $7.18.
Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last announced its earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. The business had revenue of $1.58 billion during the quarter. Equities analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current fiscal year.
Turkcell Iletisim Hizmetleri AS Dividend Announcement
The company also recently declared an annual dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be issued a dividend of $0.2168 per share. This represents a yield of 425.0%. The ex-dividend date of this dividend is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is presently 14.29%.
Institutional Trading of Turkcell Iletisim Hizmetleri AS
Institutional investors have recently added to or reduced their stakes in the company. Formuepleje A S acquired a new position in Turkcell Iletisim Hizmetleri AS in the 3rd quarter valued at $442,000. Foster Group Inc. bought a new position in Turkcell Iletisim Hizmetleri AS during the 3rd quarter worth $66,000. QRG Capital Management Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 8.6% during the 2nd quarter. QRG Capital Management Inc. now owns 25,404 shares of the Wireless communications provider’s stock worth $149,000 after buying an additional 2,021 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 34.4% during the second quarter. Sequoia Financial Advisors LLC now owns 157,343 shares of the Wireless communications provider’s stock worth $925,000 after buying an additional 40,253 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth $352,000.
Turkcell Iletisim Hizmetleri AS Company Profile
Turkcell Iletisim Hizmetleri A.S. is a Türkiye-based telecommunications and technology company that provides mobile communications, broadband internet and digital services. Through its Turkcell brand, the company offers wireless voice and data services, mobile applications, fixed broadband connections and related communications products for individual and business customers.
Turkcell also develops and distributes digital services, including messaging, payment, entertainment, cloud, cybersecurity and enterprise technology solutions.
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