Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Strong Trading Volume – Still a Buy?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw an uptick in trading volume on Tuesday . 565,160 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 434,756 shares.The stock last traded at $6.79 and had previously closed at $6.78.

Analysts Set New Price Targets

Separately, StockNews.com cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 7.60 and a beta of 0.86. The stock has a 50 day simple moving average of $6.64 and a two-hundred day simple moving average of $6.97.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

A number of hedge funds and other institutional investors have recently bought and sold shares of TKC. Vanguard Personalized Indexing Management LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 10.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock valued at $942,000 after buying an additional 11,415 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter worth about $89,000. SG Americas Securities LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the third quarter worth about $226,000. GAMMA Investing LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 18.4% during the third quarter. GAMMA Investing LLC now owns 13,268 shares of the Wireless communications provider’s stock worth $91,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% during the third quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,745 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.