Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Strong Trading Volume - Should You Buy?

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 205,945 shares changed hands during mid-day trading, a decline of 37% from the previous session's volume of 327,286 shares.The stock last traded at $6.85 and had previously closed at $6.74.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The firm has a 50-day moving average of $6.59 and a 200-day moving average of $6.99. The firm has a market capitalization of $5.96 billion, a P/E ratio of 7.61 and a beta of 0.86.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Several hedge funds and other institutional investors have recently modified their holdings of TKC. Aprio Wealth Management LLC increased its position in Turkcell Iletisim Hizmetleri A.S. by 17.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 1,745 shares during the period. GAMMA Investing LLC increased its position in shares of Turkcell Iletisim Hizmetleri A.S. by 18.4% during the third quarter. GAMMA Investing LLC now owns 13,268 shares of the Wireless communications provider's stock valued at $91,000 after buying an additional 2,058 shares during the period. JPMorgan Chase & Co. raised its stake 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. First Trust Direct Indexing L.P. raised its stake in Turkcell Iletisim Hizmetleri A.S. by 3.3% in the third quarter. First Trust Direct Indexing L.P. now owns 108,897 shares of the Wireless communications provider's stock worth $749,000 after buying an additional 3,434 shares in the last quarter. Finally, US Bancorp DE boosted its position in Turkcell Iletisim Hizmetleri A.S. by 15.2% during the 3rd quarter. US Bancorp DE now owns 33,814 shares of the Wireless communications provider's stock valued at $233,000 after acquiring an additional 4,462 shares in the last quarter.

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.