Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Turkcell Iletisim Hizmetleri A.S. Stock Up 1.8 %

Shares of NYSE:TKC opened at $7.50 on Friday. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.07 and a 52 week high of $8.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.77 and a current ratio of 1.78. The company has a market cap of $6.60 billion, a PE ratio of 8.60 and a beta of 0.85. The firm has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $6.36.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 11.51% and a net margin of 10.07%. The company had revenue of $996.26 million during the quarter. As a group, research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.169 dividend. This represents a dividend yield of 2.38%. This is a positive change from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10. The ex-dividend date is Friday, December 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKC. Caprock Group LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% during the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after buying an additional 73,460 shares during the period. Sivia Capital Partners LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 9.7% during the second quarter. Sivia Capital Partners LLC now owns 22,037 shares of the Wireless communications provider’s stock valued at $167,000 after purchasing an additional 1,955 shares during the last quarter. Ritholtz Wealth Management grew its stake in Turkcell Iletisim Hizmetleri A.S. by 3.3% in the second quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock valued at $2,754,000 after purchasing an additional 11,584 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at about $71,000. Finally, Atomi Financial Group Inc. increased its position in Turkcell Iletisim Hizmetleri A.S. by 4.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 28,091 shares of the Wireless communications provider’s stock worth $213,000 after purchasing an additional 1,284 shares during the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

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.