Turkcell Iletisim Hizmetleri A.S. (TKC) Reaches New 12-Month Low at $4.05

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Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.05 and last traded at $4.07, with a volume of 3341452 shares traded. The stock had previously closed at $4.22.

Several research analysts recently issued reports on TKC shares. TheStreet downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research report on Thursday, May 17th. JPMorgan Chase & Co. downgraded shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Monday. ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.00.

The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.58 billion, a PE ratio of 5.09 and a beta of 0.75.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Wednesday, July 25th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 9.30% and a return on equity of 14.74%. The company had revenue of $1.16 billion for the quarter. equities research analysts forecast that Turkcell Iletisim Hizmetleri A.S. will post 0.72 EPS for the current year.

The firm also recently announced an annual dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.1566 per share. The ex-dividend date is Monday, September 17th. This is an increase from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.12. This represents a yield of 2.65%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio is presently 16.67%.

A number of institutional investors have recently added to or reduced their stakes in TKC. Quantitative Systematic Strategies LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at about $118,000. M&T Bank Corp acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at about $123,000. Boston Private Wealth LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at about $140,000. Commonwealth Equity Services LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at about $156,000. Finally, River Road Asset Management LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at about $170,000. Institutional investors own 3.08% of the company’s stock.

About Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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