Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares traded down 2.4% during mid-day trading on Thursday . The stock traded as low as $8.28 and last traded at $8.38, with a volume of 1,171,309 shares. The stock had previously closed at $8.59.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. cut Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, April 6th.

The stock has a 50-day moving average of $9.05 and a 200-day moving average of $9.37. The firm’s market capitalization is $7.56 billion.

An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. First Trust Advisors LP increased its stake 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 (SEC). 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 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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