Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Reaches New 12-Month Low – Here’s Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as $4.73 and last traded at $4.7340, with a volume of 81,837 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS Stock Performance

The firm has a 50-day simple moving average of $5.17 and a two-hundred day simple moving average of $5.69. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 9.70 and a beta of 0.91.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC – Get Free Report) last posted its earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.58 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. As a group, sell-side analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.53 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 28.8% in the first quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider’s stock worth $9,948,000 after purchasing an additional 369,107 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 1,053.2% in the 1st quarter. Quantinno Capital Management LP now owns 567,357 shares of the Wireless communications provider’s stock worth $3,421,000 after buying an additional 518,158 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Turkcell Iletisim Hizmetleri AS in the 1st quarter valued at $3,413,000. Sequoia Financial Advisors LLC raised its stake in 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 acquiring an additional 40,253 shares in the last quarter. Finally, Corient Private Wealth LP raised its stake in Turkcell Iletisim Hizmetleri AS by 5.2% during the second quarter. Corient Private Wealth LP now owns 142,600 shares of the Wireless communications provider’s stock worth $838,000 after acquiring an additional 7,028 shares in the last quarter.

About Turkcell Iletisim Hizmetleri AS

(Get Free Report)

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.

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