Turkcell Iletisim Hizmetleri A.S. (TKC) Shares Down 1.9%
Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded down 1.9% during mid-day trading on Friday . The company traded as low as $9.51 and last traded at $9.58, with a volume of 513,527 shares traded. The stock had previously closed at $9.77.
A number of analysts have 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 report on Wednesday, April 6th. Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday.
The company has a 50-day moving average price of $9.11 and a 200-day moving average price of $9.37. The company’s market capitalization is $8.29 billion.
A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley increased its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 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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