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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down before the market opened on Friday . The stock had previously closed at $6.40, but opened at $6.26. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.24, with a volume of 192,713 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research note on Wednesday.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

The stock’s 50-day moving average is $7.18 and its 200 day moving average is $6.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. The firm has a market cap of $5.57 billion, a P/E ratio of 7.30 and a beta of 0.84.

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

A number of hedge funds have recently modified their holdings of the business. Caprock Group LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 319.0% during the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock worth $731,000 after purchasing an additional 73,460 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 4.4% during the fourth 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. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 10.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock worth $942,000 after acquiring an additional 11,415 shares during the period. Sequoia Financial Advisors LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock valued at $417,000 after acquiring an additional 2,226 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth $996,000.

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.