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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down before the market opened 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.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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. Trading Down 8.0 %

The firm has a market capitalization of $5.98 billion, a PE 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 fifty day moving average price is $7.07 and its 200 day moving average price is $6.83.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 3.8% during the fourth quarter. American Century Companies Inc. now owns 790,236 shares of the Wireless communications provider’s stock worth $5,144,000 after buying an additional 29,286 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 25.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider’s stock valued at $4,500,000 after purchasing an additional 140,489 shares during the period. BNP Paribas Financial Markets grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 31.3% in the third quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after purchasing an additional 159,572 shares during the period. Marshall Wace LLP grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 136.2% in the fourth quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider’s stock valued at $3,359,000 after purchasing an additional 297,554 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 461,819 shares of the Wireless communications provider’s stock valued at $3,008,000 after purchasing an additional 30,545 shares during the period.

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.