Zacks Investment Research Upgrades Turkcell Iletisim Hizmetleri AS (TKC) to Hold

Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a sell rating to a hold rating in a research report released on Friday, January 5th.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

Turkcell Iletisim Hizmetleri AS (TKC) traded down $0.03 during trading on Friday, hitting $9.68. The stock had a trading volume of 422,129 shares, compared to its average volume of 373,390. The firm has a market cap of $8,440.00, a PE ratio of 14.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.61. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.87 and a 52-week high of $10.39.

The firm also recently announced an annual dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were given a dividend of $0.2887 per share. The ex-dividend date was Friday, December 15th. This is a boost from Turkcell Iletisim Hizmetleri AS’s previous annual dividend of $0.14. This represents a dividend yield of 3.16%. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is 120.00%.

Large investors have recently bought and sold shares of the company. FMR LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at about $4,296,000. Lazard Asset Management LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS by 1.7% during the 2nd quarter. Lazard Asset Management LLC now owns 3,110,211 shares of the Wireless communications provider’s stock valued at $25,503,000 after acquiring an additional 51,237 shares during the period. Aperio Group LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS by 40.3% during the 3rd quarter. Aperio Group LLC now owns 427,460 shares of the Wireless communications provider’s stock valued at $3,770,000 after acquiring an additional 122,802 shares during the period. Russell Investments Group Ltd. grew its position in shares of Turkcell Iletisim Hizmetleri AS by 157.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 377,180 shares of the Wireless communications provider’s stock valued at $3,326,000 after acquiring an additional 230,774 shares during the period. Finally, Northern Trust Corp grew its position in shares of Turkcell Iletisim Hizmetleri AS by 14.3% during the 2nd quarter. Northern Trust Corp now owns 648,346 shares of the Wireless communications provider’s stock valued at $5,317,000 after acquiring an additional 81,251 shares during the period. Hedge funds and other institutional investors own 3.33% of the company’s stock.

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Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

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