Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down before the market opened on Thursday . The stock had previously closed at $8.72, but opened at $8.74. Turkcell Iletisim Hizmetleri A.S. shares last traded at $8.88, with a volume of 96,338 shares traded.

Separately, Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, July 14th.

The company’s 50 day moving average is $8.89 and its 200-day moving average is $9.41. The firm’s market capitalization is $7.77 billion.

An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley raised its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent 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 SEC filing.

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a global system for mobile communications (GSM) network in Turkey and regional states. The Company provides services to its consumer and corporate customers with its mobile, fixed broadband, television products and other media services.

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