Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Significant Decrease in Short Interest

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 652,500 shares, a drop of 16.4% from the March 31st total of 780,300 shares. Based on an average daily trading volume, of 744,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Shares of Turkcell Iletisim Hizmetleri A.S. stock traded down $0.03 during trading on Tuesday, reaching $4.47. The company’s stock had a trading volume of 437,049 shares, compared to its average volume of 668,649. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.89 and a current ratio of 1.92. The business’s fifty day moving average price is $4.82 and its 200-day moving average price is $5.20. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.23 and a beta of 0.61. Turkcell Iletisim Hizmetleri A.S. has a one year low of $4.36 and a one year high of $6.36.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Friday, February 19th. The Wireless communications provider reported $0.15 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 18.96% and a net margin of 13.11%. The business had revenue of $999.77 million for the quarter. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.59 EPS for the current year.

The company also recently announced an annual dividend, which will be paid on Monday, May 10th. Investors of record on Monday, May 3rd will be given a dividend of $0.1212 per share. The ex-dividend date is Friday, April 30th. This is an increase from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.12. This represents a yield of 3.5%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 19.51%.

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 128.3% during the first quarter. Parallel Advisors LLC now owns 9,311 shares of the Wireless communications provider’s stock worth $43,000 after buying an additional 5,233 shares in the last quarter. JJJ Advisors Inc. grew its position in Turkcell Iletisim Hizmetleri A.S. by 302.1% during the fourth quarter. JJJ Advisors Inc. now owns 9,928 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 7,459 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Turkcell Iletisim Hizmetleri A.S. by 37.1% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,152 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 2,746 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth about $61,000. Finally, OneAscent Wealth Management LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth about $61,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on TKC. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a report on Wednesday, March 31st. HSBC upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research note on Wednesday, January 27th. Finally, TheStreet lowered Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research note on Friday, April 16th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands. It operates through two segments, Turkcell Turkey and Turkcell International. It offers voice, data, and video communication solutions to its individual and corporate customers; and broadband services.

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