Turkcell Iletisim Hizmetleri A.S. (TKC) Shares Down 2.4%
Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) were down 2.4% on Thursday . The stock traded as low as $8.28 and last traded at $8.38, with a volume of 1,171,309 shares traded. The stock had previously closed at $8.59.
Several analysts have recently weighed in on TKC shares. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Saturday, June 18th. 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.
The firm’s 50 day moving average is $9.08 and its 200-day moving average is $9.37. The stock’s market capitalization is $7.29 billion.
A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. First Trust Advisors LP boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the SEC.
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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