Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Trading Up 3% – Here’s What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) traded up 3% during trading on Friday . The stock traded as high as $6.25 and last traded at $6.27. 75,112 shares were traded during mid-day trading, a decline of 86% from the average session volume of 551,525 shares. The stock had previously closed at $6.08.

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 company’s fifty day moving average is $7.13 and its 200 day moving average is $6.79. The stock has a market cap of $5.47 billion, a PE ratio of 4.23 and a beta of 0.88.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vise Technologies Inc. lifted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 84.2% during the fourth quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider’s stock worth $2,576,000 after purchasing an additional 180,918 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 3.1% during the 4th quarter. Vident Advisory LLC now owns 236,205 shares of the Wireless communications provider’s stock valued at $1,538,000 after buying an additional 7,157 shares during the period. Two Sigma Investments LP acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter worth approximately $304,000. Quantinno Capital Management LP boosted its holdings in Turkcell Iletisim Hizmetleri A.S. by 8.1% in the 4th quarter. Quantinno Capital Management LP now owns 40,175 shares of the Wireless communications provider’s stock worth $262,000 after acquiring an additional 2,998 shares during the period. Finally, Millennium Management LLC acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at approximately $2,082,000.

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.