Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s share price dropped 2.5% during mid-day trading on Friday . The stock traded as low as $8.22 and last traded at $8.22, with a volume of 249,728 shares changing hands. The stock had previously closed at $8.43.

Separately, Zacks Investment Research raised Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, July 14th.

The stock’s market cap is $7.24 billion. The firm has a 50-day moving average price of $8.75 and a 200 day moving average price of $9.39.

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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