Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped up prior to trading on Monday . The stock had previously closed at $8.26, but opened at $8.41. Turkcell Iletisim Hizmetleri A.S. shares last traded at $8.57, with a volume of 111,266 shares changing hands.

Separately, 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.

The firm has a 50-day moving average of $8.91 and a 200 day moving average of $9.41. The firm’s market capitalization is $7.54 billion.

A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley raised its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 12.0% during the fourth quarter, according to its most recent 13F filing 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 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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