Turkcell Iletisim Hizmetleri A.S. (TKC) Shares Down 2.2%
Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) fell 2.2% during mid-day trading on Wednesday . The stock traded as low as $8.26 and last traded at $8.28, with a volume of 157,761 shares traded. The stock had previously closed at $8.47.
Separately, Zacks Investment Research lowered shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Wednesday.
The stock has a 50 day moving average of $8.92 and a 200-day moving average of $9.40. The stock’s market cap is $7.34 billion.
An institutional investor recently raised its position in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley increased its position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,926,388 shares of the company’s stock after buying an additional 312,562 shares during the period. Morgan Stanley owned approximately 0.33% of Turkcell Iletisim Hizmetleri A.S. worth $24,845,000 at the end of the most recent reporting period.
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.