Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down to $7.04

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.04, but opened at $6.84. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.91, with a volume of 48,353 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The firm’s fifty day simple moving average is $7.55 and its 200-day simple moving average is $6.72. The firm has a market capitalization of $6.05 billion, a PE ratio of 7.65 and a beta of 0.84. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.45.

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

Several institutional investors and hedge funds have recently made changes to their positions in TKC. Lindbrook Capital LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 27.6% during the 1st quarter. Lindbrook Capital LLC now owns 9,540 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 2,065 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at $71,000. Aprio Wealth Management LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at $77,000. GAMMA Investing LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 68.2% in the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after buying an additional 4,545 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter worth about $89,000.

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.