Turkcell Iletisim Hizmetleri A.S. (TKC) Trading 5.3% Higher
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares traded up 5.3% during mid-day trading on Thursday . The company traded as high as $9.89 and last traded at $9.82, with a volume of 212,193 shares traded. The stock had previously closed at $9.33.
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, April 6th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday.
The company’s market cap is $8.46 billion. The firm’s 50-day moving average is $9.08 and its 200 day moving average is $9.36.
An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. First Trust Advisors LP increased its stake in 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 firm owned 588,230 shares of the company’s stock after buying an additional 26,461 shares during the period. First Trust Advisors LP owned approximately 0.07% of Turkcell Iletisim Hizmetleri A.S. worth $4,994,000 at the end of the most recent reporting period.
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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