Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Lowered to Hold at StockNews.com

Posted by MarketBeat News on Aug 2nd, 2022

StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC – Get Rating) from a buy rating to a hold rating in a research report report published on Monday.

Separately, JPMorgan Chase & Co. upped their price target on shares of Turkcell Iletisim Hizmetleri A.S. from 22.10 to 22.55 and gave the stock a neutral rating in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $22.55.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.4 %

Shares of Turkcell Iletisim Hizmetleri A.S. stock opened at $2.40 on Monday. The firm has a 50-day simple moving average of $2.65 and a two-hundred day simple moving average of $3.24. The company has a market cap of $2.11 billion, a P/E ratio of 4.62 and a beta of 0.65. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $2.33 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.69 and a current ratio of 1.72.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 27th will be paid a $0.0826 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $0.33 annualized dividend and a dividend yield of 13.77%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 11.54%.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several hedge funds have recently made changes to their positions in TKC. O Shaughnessy Asset Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 155.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 697,655 shares of the Wireless communications provider’s stock worth $2,505,000 after acquiring an additional 424,078 shares during the last quarter. State Street Corp raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 3.4% in the 1st quarter. State Street Corp now owns 684,814 shares of the Wireless communications provider’s stock valued at $2,664,000 after purchasing an additional 22,491 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 63.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 683,094 shares of the Wireless communications provider’s stock valued at $2,657,000 after purchasing an additional 265,015 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 32.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 483,337 shares of the Wireless communications provider’s stock valued at $1,880,000 after purchasing an additional 119,248 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 117.2% in the 1st quarter. Ritholtz Wealth Management now owns 294,643 shares of the Wireless communications provider’s stock valued at $1,146,000 after buying an additional 158,960 shares during the last quarter. Hedge funds and other institutional investors own 3.34% of the company’s stock.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services consisting of mobile communications, fixed business internet and business phone, and customer loyalty and programs.