Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down – Time to Sell?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down prior to trading on Tuesday . The stock had previously closed at $6.44, but opened at $6.21. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.26, with a volume of 208,550 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 20th.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 4.24 and a beta of 0.90. The firm’s 50-day moving average price is $6.11 and its two-hundred day moving average price is $6.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings data on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 4.05% and a net margin of 12.82%. The company had revenue of $1.19 billion for the quarter. Sell-side analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.26 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be given a $0.0866 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 11.56%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TKC. SBI Securities Co. Ltd. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at $29,000. Aquatic Capital Management LLC lifted its holdings in Turkcell Iletisim Hizmetleri A.S. by 89.4% during the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 2,145 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock valued at $44,000 after buying an additional 2,656 shares in the last quarter. GeoWealth Management LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 167.9% in the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider’s stock valued at $62,000 after buying an additional 6,017 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth about $70,000.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.