Turkcell Iletisim Hizmetleri A.S. (TKC) Sees Unusually-High Trading Volume
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares saw unusually-strong trading volume on Monday . Approximately 574,843 shares changed hands during trading, an increase of 66% from the previous session’s volume of 346,019 shares.The stock last traded at $9.09 and had previously closed at $9.58.
Several research analysts have recently issued reports on TKC shares. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Saturday, June 18th. JPMorgan Chase & Co. cut Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, April 6th.
The stock has a 50-day moving average price of $9.11 and a 200-day moving average price of $9.38. The stock’s market cap is $7.89 billion.
A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,926,388 shares of the company’s stock after buying an additional 312,562 shares during the period. Morgan Stanley owned 0.33% of Turkcell Iletisim Hizmetleri A.S. worth $24,845,000 as of its most recent SEC filing.
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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