Turkcell Iletisim Hizmetleri A.S. (TKC) Shares Down 1.9%
Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded down 1.9% during mid-day trading on Friday . The company traded as low as $9.51 and last traded at $9.58, with a volume of 513,527 shares traded. The stock had previously closed at $9.77.
A number of analysts recently issued reports on the stock. Zacks Investment Research lowered 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 report on Wednesday, April 6th.
The company has a 50-day moving average price of $9.11 and a 200-day moving average price of $9.37. The firm’s market capitalization is $8.29 billion.
An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,926,388 shares of the company’s stock after buying an additional 312,562 shares during the period. Morgan Stanley owned about 0.33% of Turkcell Iletisim Hizmetleri A.S. worth $24,845,000 as of its most recent filing with the SEC.
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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