Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Large Volume Increase - Here's What Happened

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) saw an uptick in trading volume on Wednesday . 752,618 shares were traded during mid-day trading, an increase of 30% from the previous session's volume of 576,871 shares.The stock last traded at $5.94 and had previously closed at $6.08.

Turkcell Iletisim Hizmetleri A.S. Trading Up 1.5 %

The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.38 billion, a P/E ratio of 4.16 and a beta of 0.86. The company has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $6.69.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 29th will be given a $0.0866 dividend. This represents a yield of 2.9%. The ex-dividend date is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio (DPR) is currently 11.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth approximately $35,000. JPMorgan Chase & Co. increased its stake in Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock valued at $44,000 after purchasing an additional 2,656 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 19.2% in the fourth quarter. Ballentine Partners LLC now owns 75,144 shares of the Wireless communications provider's stock valued at $489,000 after buying an additional 12,088 shares in the last quarter. Blue Trust Inc. grew its position in Turkcell Iletisim Hizmetleri A.S. by 69.7% in the 4th quarter. Blue Trust Inc. now owns 122,119 shares of the Wireless communications provider's stock worth $840,000 after purchasing an additional 50,166 shares in the last quarter. Finally, BTC Capital Management Inc. raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 2.7% in the 4th quarter. BTC Capital Management Inc. now owns 201,373 shares of the Wireless communications provider's stock worth $1,308,000 after purchasing an additional 5,383 shares during the period.

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.