Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stock Price Down 9.3% – Here’s What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was down 9.3% during trading on Friday . The stock traded as low as $5.79 and last traded at $5.83. Approximately 529,096 shares changed hands during trading, a decline of 2% from the average daily volume of 538,593 shares. The stock had previously closed at $6.42.

Turkcell Iletisim Hizmetleri A.S. Stock Down 9.1 %

The stock has a market cap of $5.13 billion, a PE ratio of 3.97 and a beta of 0.88. 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 $7.20 and its 200 day moving average price is $6.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Aquatic Capital Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 89.4% during the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 2,145 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 2.7% during the 4th quarter. Quadrant Capital Group LLC now owns 85,703 shares of the Wireless communications provider’s stock valued at $558,000 after acquiring an additional 2,273 shares during the period. US Bancorp DE grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 6.8% during the 4th quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider’s stock valued at $235,000 after acquiring an additional 2,297 shares during the period. Corient Private Wealth LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 2.2% during the 4th quarter. Corient Private Wealth LLC now owns 109,286 shares of the Wireless communications provider’s stock valued at $711,000 after acquiring an additional 2,332 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock valued at $44,000 after acquiring an additional 2,656 shares during the period.

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.