Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stock Price Down 9.3% – Here’s What Happened

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

Turkcell Iletisim Hizmetleri A.S. Stock Down 9.1 %

The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.13 billion, a P/E ratio of 3.97 and a beta of 0.88. The business has a 50-day moving average price of $7.20 and a 200 day moving average price of $6.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aquatic Capital Management LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 89.4% during the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 2,145 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 2.7% during the 4th quarter. Quadrant Capital Group LLC now owns 85,703 shares of the Wireless communications provider’s stock valued at $558,000 after buying an additional 2,273 shares during the period. US Bancorp DE raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 6.8% during the 4th quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider’s stock valued at $235,000 after buying an additional 2,297 shares during the period. Corient Private Wealth LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 2.2% during the 4th quarter. Corient Private Wealth LLC now owns 109,286 shares of the Wireless communications provider’s stock valued at $711,000 after buying an additional 2,332 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 70.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock valued at $44,000 after buying an additional 2,656 shares during the period.

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.