Virtu Financial LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 56.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 28,881 shares of the Wireless communications provider’s stock after acquiring an additional 10,415 shares during the period. Virtu Financial LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $155,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Navellier & Associates Inc increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 89.7% in the 4th quarter. Navellier & Associates Inc now owns 5,280 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 2,497 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $35,000. Financial Gravity Companies Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $54,000. Mackenzie Financial Corp purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $65,000. Finally, Verity Asset Management Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth $82,000.
Shares of NYSE:TKC remained flat at $$4.70 during trading on Wednesday. 310,921 shares of the company were exchanged, compared to its average volume of 569,410. The company has a current ratio of 1.81, a quick ratio of 1.79 and a debt-to-equity ratio of 0.90. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.93 and a 1 year high of $7.24. The company has a market cap of $4.08 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.40 and a beta of 0.61.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Wednesday, February 20th. The Wireless communications provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The business had revenue of $1.05 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.32% and a return on equity of 12.09%. As a group, equities research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.69 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a $0.0464 dividend. This represents a yield of 2.9%. The ex-dividend date is Tuesday, June 18th. Turkcell Iletisim Hizmetleri A.S.’s payout ratio is currently 66.67%.
A number of equities research analysts have issued reports on the company. TheStreet lowered Turkcell Iletisim Hizmetleri A.S. from a “b-” rating to a “c+” rating in a research note on Friday, March 29th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research report on Wednesday. HSBC lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. VTB Capital lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Citigroup lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “neutral” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Turkcell Iletisim Hizmetleri A.S. has an average rating of “Hold” and a consensus price target of $7.25.
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Turkcell Iletisim Hizmetleri A.S. 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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