Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Up – What’s Next?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares gapped up prior to trading on Friday . The stock had previously closed at $6.68, but opened at $6.84. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.85, with a volume of 90,678 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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. Stock Up 2.2 %

The company has a market cap of $6.01 billion, a price-to-earnings ratio of 7.67 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81. The firm has a 50-day moving average price of $6.56 and a 200 day moving average price of $7.01.

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

A number of hedge funds have recently bought and sold shares of the business. Aprio Wealth Management LLC raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 17.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 1,745 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 9.7% in the second quarter. Sivia Capital Partners LLC now owns 22,037 shares of the Wireless communications provider’s stock valued at $167,000 after purchasing an additional 1,955 shares in the last quarter. GAMMA Investing LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 18.4% during the third quarter. GAMMA Investing LLC now owns 13,268 shares of the Wireless communications provider’s stock worth $91,000 after purchasing an additional 2,058 shares during the period. JPMorgan Chase & Co. grew its stake in Turkcell Iletisim Hizmetleri A.S. by 70.7% during the third 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, First Trust Direct Indexing L.P. increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 3.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 108,897 shares of the Wireless communications provider’s stock valued at $749,000 after buying an additional 3,434 shares during the period.

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.