Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down to $7.04

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down prior to trading on Friday . The stock had previously closed at $7.04, but opened at $6.84. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.91, with a volume of 48,353 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a market capitalization of $6.05 billion, a P/E ratio of 7.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.78 and a quick ratio of 1.77. The firm’s 50-day moving average is $7.55 and its 200-day moving average is $6.72.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in Turkcell Iletisim Hizmetleri A.S. by 36.7% during the fourth quarter. BNP Paribas Financial Markets now owns 272,748 shares of the Wireless communications provider’s stock valued at $1,312,000 after purchasing an additional 73,166 shares in the last quarter. Jump Financial LLC raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 10.7% in the fourth quarter. Jump Financial LLC now owns 46,229 shares of the Wireless communications provider’s stock worth $222,000 after buying an additional 4,477 shares during the period. QRG Capital Management Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 21.7% during the 4th quarter. QRG Capital Management Inc. now owns 33,233 shares of the Wireless communications provider’s stock valued at $160,000 after buying an additional 5,934 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 9.7% during the 4th quarter. Quadrant Capital Group LLC now owns 68,292 shares of the Wireless communications provider’s stock valued at $328,000 after acquiring an additional 6,064 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock worth $347,000 after acquiring an additional 3,032 shares in the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.