Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Update

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,055,145 shares, an increase of 45.8% from the October 13th total of 723,761 shares. Based on an average trading volume of 665,358 shares, the short-interest ratio is currently 1.6 days.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) traded down $0.08 on Wednesday, reaching $9.60. 410,390 shares of the company traded hands, compared to its average volume of 522,722. The company has a market cap of $8,351.20, a P/E ratio of 11.86 and a beta of 0.97. Turkcell Iletisim Hizmetleri AS has a 52 week low of $6.36 and a 52 week high of $9.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 1.62.

The company also recently declared an annual dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be issued a $0.2887 dividend. This represents a yield of 3.16%. This is an increase from Turkcell Iletisim Hizmetleri AS’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Friday, December 15th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is presently 77.94%.

A number of large investors have recently made changes to their positions in TKC. Paloma Partners Management Co bought a new position in Turkcell Iletisim Hizmetleri AS in the 1st quarter valued at $111,000. Ameriprise Financial Inc. raised its position in shares of Turkcell Iletisim Hizmetleri AS by 41.2% during the 1st quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 4,136 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at $124,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 3rd quarter valued at $124,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at $132,000. 3.33% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “sell” rating in a research report on Wednesday, October 18th. TheStreet upgraded shares of Turkcell Iletisim Hizmetleri AS from a “c” rating to a “b-” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Turkcell Iletisim Hizmetleri AS has an average rating of “Buy” and an average price target of $10.00.

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About Turkcell Iletisim Hizmetleri AS

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.

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