Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Up – Here’s What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.16, but opened at $6.35. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.32, with a volume of 60,288 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Turkcell Iletisim Hizmetleri A.S. Trading Up 4.1 %

The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $7.11 and its 200-day simple moving average is $6.94.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 7.72% and a net margin of 8.75%. The business had revenue of $1.07 billion for the quarter. As a group, analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Turkcell Iletisim Hizmetleri A.S. by 41.4% in the 1st quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock worth $2,001,000 after purchasing an additional 112,852 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock worth $2,754,000 after buying an additional 11,584 shares in the last quarter. BTC Capital Management Inc. acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter valued at approximately $1,073,000. StoneX Group Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at $996,000. Finally, Capital Wealth Planning LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter valued at $880,000.

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.