Turkcell Iletisim Hizmetleri A.S. (TKC) Sees Strong Trading Volume
Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw an uptick in trading volume on Monday . 1,190,865 shares were traded during trading, an increase of 93% from the previous session’s volume of 617,284 shares.The stock last traded at $8.83 and had previously closed at $8.73.
A number of brokerages recently weighed in on TKC. Zacks Investment Research lowered 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. lowered 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 $7.64 billion. The firm has a 50 day moving average price of $9.04 and a 200 day moving average price of $9.39.
A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. First Trust Advisors LP raised 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 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 0.07% of Turkcell Iletisim Hizmetleri A.S. worth $4,994,000 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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