Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down – Here’s What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down prior to trading on Friday . The stock had previously closed at $7.38, but opened at $6.87. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.84, with a volume of 115,195 shares trading hands.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri A.S. Stock Down 8.0 %

The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 4.62 and a beta of 0.87. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average is $7.06 and its two-hundred day moving average is $6.84.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 89.4% in the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 2,145 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 2.7% in the fourth quarter. Quadrant Capital Group LLC now owns 85,703 shares of the Wireless communications provider’s stock valued at $558,000 after purchasing an additional 2,273 shares during the period. US Bancorp DE increased its position in Turkcell Iletisim Hizmetleri A.S. by 6.8% during the fourth quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider’s stock worth $235,000 after purchasing an additional 2,297 shares during the last quarter. Corient Private Wealth LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 2.2% during the fourth quarter. Corient Private Wealth LLC now owns 109,286 shares of the Wireless communications provider’s stock worth $711,000 after purchasing an additional 2,332 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in 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 valued at $44,000 after purchasing an additional 2,656 shares during 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.