Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down - What's Next?

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $7.36, but opened at $7.11. Turkcell Iletisim Hizmetleri A.S. shares last traded at $7.18, with a volume of 364,106 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 Up 0.1 %

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 company's 50-day moving average price is $7.02 and its 200-day moving average price is $6.84. The firm has a market capitalization of $6.38 billion, a PE ratio of 4.93 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 4th quarter worth about $2,082,000. Marshall Wace LLP increased its stake 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 last quarter. Northern Trust Corp raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 389.1% during the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock worth $1,945,000 after purchasing an additional 237,739 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 84.2% during the 4th quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock worth $2,576,000 after buying an additional 180,918 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% in 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.

Remove Ads

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.