Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Unusually-High Trading Volume – Here’s Why

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares saw an uptick in trading volume on Wednesday . 205,945 shares changed hands during trading, a decline of 37% from the previous session’s volume of 327,286 shares.The stock last traded at $6.85 and had previously closed at $6.74.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a market capitalization of $5.96 billion, a P/E ratio of 7.61 and a beta of 0.86. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $6.61 and a 200 day moving average price of $6.98.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TKC. BNP Paribas Financial Markets raised its position 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 worth $4,604,000 after acquiring an additional 159,572 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter valued at about $793,000. Caprock Group LLC grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% in the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $731,000 after buying an additional 73,460 shares during the period. Blue Trust Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 220.3% in the 3rd quarter. Blue Trust Inc. now owns 71,953 shares of the Wireless communications provider’s stock valued at $545,000 after buying an additional 49,486 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter valued at about $278,000.

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.