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

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 on Friday.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.8 %

TKC stock traded up $0.04 during midday trading on Friday, hitting $5.32. The company’s stock had a trading volume of 288,643 shares, compared to its average volume of 302,355. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.35. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $3.52 and a twelve month high of $5.73. The company’s fifty day moving average price is $5.29 and its 200 day moving average price is $4.99.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in Turkcell Iletisim Hizmetleri A.S. by 2,921.5% in the 2nd quarter. FMR LLC now owns 11,089 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 10,722 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 45.4% in 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 during the last quarter. GAMMA Investing LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the fourth quarter worth about $38,000. Blue Trust Inc. increased its position in Turkcell Iletisim Hizmetleri A.S. by 49.7% during the fourth quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 2,757 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 54,076.5% in the first quarter. Tower Research Capital LLC TRC now owns 9,210 shares of the Wireless communications provider’s stock valued at $40,000 after buying an additional 9,193 shares during the period.

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.