Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Trading Down 9.3% – Time to Sell?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded down 9.3% during trading on Friday . The stock traded as low as $5.79 and last traded at $5.83. 529,096 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 538,593 shares. The stock had previously closed at $6.42.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a 50 day moving average price of $7.22 and a 200 day moving average price of $6.83. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 3.96 and a beta of 0.88. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth $793,000. Cerity Partners LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 24.2% in the 3rd quarter. Cerity Partners LLC now owns 86,760 shares of the Wireless communications provider’s stock worth $597,000 after purchasing an additional 16,909 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 24.7% in the 4th quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider’s stock worth $163,000 after purchasing an additional 4,967 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock worth $4,604,000 after purchasing an additional 159,572 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 2,656 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.