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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $7.55, but opened at $6.50. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.53, with a volume of 422,094 shares changing hands.

Turkcell Iletisim Hizmetleri A.S. Trading Down 14.1 %

The firm has a market cap of $5.71 billion, a P/E ratio of 4.42 and a beta of 0.88. The firm’s fifty day moving average is $7.23 and its two-hundred day moving average is $6.84. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $793,000. Cerity Partners LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 24.2% during the 3rd quarter. Cerity Partners LLC now owns 86,760 shares of the Wireless communications provider’s stock valued at $597,000 after buying an additional 16,909 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 24.7% during the 4th quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider’s stock valued at $163,000 after buying an additional 4,967 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after buying an additional 159,572 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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.

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.