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Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Unusually-High Trading Volume - Here's What Happened

Turkcell Iletisim Hizmetleri A.S. logo with Computer and Technology background

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) saw strong trading volume on Tuesday . 565,160 shares were traded during trading, an increase of 30% from the previous session's volume of 434,756 shares.The stock last traded at $6.79 and had previously closed at $6.78.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th.

Get Our Latest Report on Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The firm has a market capitalization of $5.95 billion, a PE ratio of 7.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The firm has a 50-day simple moving average of $6.64 and a 200-day simple moving average of $6.97.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth $35,000. JPMorgan Chase & Co. increased its position in Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider's stock worth $44,000 after buying an additional 2,656 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $72,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at approximately $75,000. Finally, Glenmede Trust Co. NA purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth approximately $79,000.

Turkcell Iletisim Hizmetleri A.S. Company Profile

(Get Free Report)

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.

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