Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) dropped 2.1% during trading on Friday . The company traded as low as $8.84 and last traded at $8.95, with a volume of 202,711 shares. The stock had previously closed at $9.14.

TKC has been the subject of a number of research analyst reports. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, April 19th. JPMorgan Chase & Co. lowered Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, April 6th.

The stock’s market capitalization is $7.77 billion. The stock has a 50-day moving average price of $9.06 and a 200-day moving average price of $9.35.

An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. First Trust Advisors LP boosted its position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 588,230 shares of the company’s stock after buying an additional 26,461 shares during the period. First Trust Advisors LP owned approximately 0.07% of Turkcell Iletisim Hizmetleri A.S. worth $4,994,000 at the end of the most recent quarter.

Turkcell Iletisim Hizmetleri AS is a converged communication and technology services provider in Turkey. It is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company comprises the following main reportable segments: Turkcell, Euroasia, Belarusian Telecom all of which are GSM operator in their countries and Turkcell Superonline which provides fixed broadband services.

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