Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Posts Quarterly Earnings Results

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) announced its earnings results on Monday. The Wireless communications provider reported $0.16 earnings per share for the quarter, Zacks reports. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of NYSE:TKC traded up $0.17 during trading on Monday, reaching $4.75. 116,674 shares of the company traded hands, compared to its average volume of 1,757,418. The firm has a market capitalization of $4.18 billion, a PE ratio of 9.68 and a beta of 0.99. Turkcell Iletisim Hizmetleri AS has a 52 week low of $4.46 and a 52 week high of $7.18. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $4.99 and its two-hundred day moving average is $5.82.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 10th will be issued a $0.2168 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a yield of 425.0%. Turkcell Iletisim Hizmetleri AS’s payout ratio is currently 36.73%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Turkcell Iletisim Hizmetleri AS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Turkcell Iletisim Hizmetleri AS

Turkcell İletişim Hizmetleri A.Ş. is a telecommunications and technology company headquartered in Istanbul, Türkiye. Founded in 1994, it provides mobile voice and data services, along with fixed broadband and television offerings.

The company also develops digital services and technology solutions for consumers and businesses, including communications, payments, cloud, and data-center services. Its core market is Türkiye, and it serves customers in the Turkish Republic of Northern Cyprus through a local operation.

Turkcell’s chief executive officer is Ali Taha Koç, who took the role in 2023.