Turkcell (NYSE:TKC) released its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.14 EPS for the quarter, Morningstar.com reports. Turkcell had a net margin of 11.36% and a return on equity of 16.18%.
TKC traded up $0.10 on Tuesday, hitting $8.87. 300,035 shares of the stock were exchanged, compared to its average volume of 365,713. Turkcell has a 12 month low of $7.79 and a 12 month high of $11.29. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $7,832.00, a price-to-earnings ratio of 11.37 and a beta of 1.02.
The firm also recently declared an annual dividend, which will be paid on Tuesday, June 26th. Investors of record on Tuesday, June 19th will be paid a $0.1236 dividend. The ex-dividend date of this dividend is Monday, June 18th. This represents a dividend yield of 1.27%. Turkcell’s dividend payout ratio (DPR) is presently 100.00%.
Several research firms recently commented on TKC. ValuEngine upgraded shares of Turkcell from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. Goldman Sachs upgraded shares of Turkcell from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of Turkcell from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Saturday, February 10th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oldfield Partners LLP lifted its position in Turkcell by 16.5% during the fourth quarter. Oldfield Partners LLP now owns 4,710,798 shares of the Wireless communications provider’s stock worth $48,050,000 after purchasing an additional 668,702 shares during the period. Wells Fargo & Company MN lifted its position in Turkcell by 76.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,566,610 shares of the Wireless communications provider’s stock worth $26,179,000 after purchasing an additional 1,115,967 shares during the period. Renaissance Group LLC bought a new stake in Turkcell during the fourth quarter worth about $17,386,000. Raymond James & Associates lifted its position in Turkcell by 7.2% during the fourth quarter. Raymond James & Associates now owns 573,376 shares of the Wireless communications provider’s stock worth $5,848,000 after purchasing an additional 38,597 shares during the period. Finally, Aperio Group LLC lifted its position in Turkcell by 21.2% during the fourth quarter. Aperio Group LLC now owns 518,037 shares of the Wireless communications provider’s stock worth $5,284,000 after purchasing an additional 90,577 shares during the period. 3.66% of the stock is owned by institutional investors and hedge funds.
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Turkcell Company Profile
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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