Turkcell Iletisim Hizmetleri A.S. (TKC) Trading 5.3% Higher
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded up 5.3% during trading on Thursday . The stock traded as high as $9.89 and last traded at $9.82, with a volume of 212,193 shares changing hands. The stock had previously closed at $9.33.
Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 20th. JPMorgan Chase & Co. downgraded shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, April 6th.
The company’s market capitalization is $8.29 billion. The firm’s 50-day moving average is $9.11 and its 200-day moving average is $9.37.
An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. First Trust Advisors LP increased its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,230 shares of the company’s stock after buying an additional 26,461 shares during the period. First Trust Advisors LP owned 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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