Turkcell Iletisim Hizmetleri A.S. (TKC) Stock Price Down 2.2%
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s share price traded down 2.2% during trading on Wednesday . The stock traded as low as $8.26 and last traded at $8.28, with a volume of 157,761 shares changing hands. The stock had previously closed at $8.47.
Several equities analysts have commented on the company. Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. JPMorgan Chase & Co. cut Turkcell Iletisim Hizmetleri A.S. from an “overweight” rating to a “neutral” rating in a report on Wednesday, April 6th.
The firm’s 50 day moving average is $8.93 and its 200-day moving average is $9.40. The company’s market cap is $7.25 billion.
A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent Form 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 0.33% of Turkcell Iletisim Hizmetleri A.S. worth $24,845,000 as of its most recent filing with the SEC.
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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