Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Trading Down 9.3% – Time to Sell?

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Free Report) were down 9.3% during trading on Friday . The company traded as low as $5.79 and last traded at $5.83. Approximately 529,096 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 538,593 shares. The stock had previously closed at $6.42.

Turkcell Iletisim Hizmetleri A.S. Price Performance

The stock has a 50-day simple moving average of $7.22 and a 200 day simple moving average of $6.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82. The company has a market cap of $5.13 billion, a P/E ratio of 3.96 and a beta of 0.88.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter worth approximately $29,000. Aquatic Capital Management LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 89.4% in the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 2,145 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth approximately $35,000. JPMorgan Chase & Co. raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after buying an additional 2,656 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in the 4th quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider’s stock worth $62,000 after buying an additional 6,017 shares in the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

(Get Free Report)

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.

Further Reading

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