Turkcell Iletisim Hizmetleri AS (NYSE:TKC) issued its quarterly earnings results on Thursday. The Wireless communications provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05, Morningstar.com reports. The business had revenue of $1.22 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 11.07% and a return on equity of 16.09%.

Turkcell Iletisim Hizmetleri AS (NYSE TKC) traded up 0.32% during midday trading on Friday, reaching $9.30. 3,750,970 shares of the company were exchanged. The stock’s market capitalization is $8.12 billion. The firm’s 50-day moving average price is $8.39 and its 200 day moving average price is $8.14. Turkcell Iletisim Hizmetleri AS has a 52-week low of $6.35 and a 52-week high of $9.48.

The business also recently announced a special dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be issued a $0.3213 dividend. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s payout ratio is 52.08%.

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A number of equities research analysts have recently commented on TKC shares. VTB Capital upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Berenberg Bank initiated coverage on shares of Turkcell Iletisim Hizmetleri AS in a report on Tuesday, May 9th. They issued a “hold” rating for the company. Citigroup Inc. upgraded shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $9.50.

Several institutional investors have recently modified their holdings of the stock. NGAM Advisors L.P. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 0.3% in the second quarter. NGAM Advisors L.P. now owns 518,581 shares of the Wireless communications provider’s stock worth $4,252,000 after buying an additional 1,485 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth $275,000. Oldfield Partners LLP increased its position in shares of Turkcell Iletisim Hizmetleri AS by 22.5% in the second quarter. Oldfield Partners LLP now owns 3,847,796 shares of the Wireless communications provider’s stock worth $31,552,000 after buying an additional 707,124 shares in the last quarter. Bank of Montreal Can increased its position in shares of Turkcell Iletisim Hizmetleri AS by 622.1% in the second quarter. Bank of Montreal Can now owns 89,956 shares of the Wireless communications provider’s stock worth $738,000 after buying an additional 77,498 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 5.2% in the second quarter. Fox Run Management L.L.C. now owns 18,300 shares of the Wireless communications provider’s stock worth $150,000 after buying an additional 900 shares in the last quarter. Institutional investors own 5.63% of the company’s stock.

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.

Earnings History for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

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