Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Downgraded to “Hold” at StockNews.com

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday.

Turkcell Iletisim Hizmetleri A.S. Price Performance

NYSE TKC traded up $0.04 during trading hours on Friday, reaching $5.32. 288,643 shares of the company’s stock traded hands, compared to its average volume of 302,355. Turkcell Iletisim Hizmetleri A.S. has a 52-week low of $3.52 and a 52-week high of $5.73. The firm has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $4.99. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.35.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

A number of institutional investors and hedge funds have recently bought and sold shares of TKC. FMR LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 2,921.5% during the 2nd quarter. FMR LLC now owns 11,089 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 10,722 shares in the last quarter. Lindbrook Capital LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 45.4% during the 3rd quarter. Lindbrook Capital LLC now owns 8,116 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 2,533 shares in the last quarter. GAMMA Investing LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at about $38,000. Blue Trust Inc. increased its stake in Turkcell Iletisim Hizmetleri A.S. by 49.7% during the 4th quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock valued at $39,000 after purchasing an additional 2,757 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 54,076.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 9,210 shares of the Wireless communications provider’s stock valued at $40,000 after purchasing an additional 9,193 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.