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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw unusually-high trading volume on Friday . Approximately 192,609 shares traded hands during trading, a decline of 62% from the previous session’s volume of 500,803 shares.The stock last traded at $6.78 and had previously closed at $6.63.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 7.20 and a beta of 0.86. The company has a fifty day moving average price of $6.48 and a two-hundred day moving average price of $7.10.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The firm had revenue of $1.07 billion during the quarter.

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

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Turkcell Iletisim Hizmetleri A.S. by 31.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after acquiring an additional 159,572 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.3% during the second quarter. Ritholtz Wealth Management now owns 363,292 shares of the Wireless communications provider’s stock worth $2,754,000 after purchasing an additional 11,584 shares during the last quarter. Creative Planning lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 19.5% during the third quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock worth $1,213,000 after purchasing an additional 28,819 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 10.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock valued at $942,000 after buying an additional 11,415 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter valued at $793,000.

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.