Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares traded up 2.3% during trading on Friday . The company traded as high as $8.76 and last traded at $8.61, with a volume of 515,409 shares trading hands. The stock had previously closed at $8.42.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri A.S. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 20th. JPMorgan Chase & Co. cut shares of Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, April 6th.

The stock’s market cap is $7.56 billion. The stock has a 50-day moving average of $9.06 and a 200 day moving average of $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 disclosure with the Securities and Exchange Commission. 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 about 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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