Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded down 1.8% during trading on Thursday . The company traded as low as $8.51 and last traded at $8.51, with a volume of 119,271 shares changing hands. The stock had previously closed at $8.67.

Separately, Zacks Investment Research downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd.

The company’s market capitalization is $7.51 billion. The company’s 50 day moving average price is $8.86 and its 200-day moving average price is $9.42.

A hedge fund recently raised its stake in Turkcell Iletisim Hizmetleri A.S. stock. Morgan Stanley raised its stake 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 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 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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