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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares saw strong trading volume on Friday . 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.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

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 stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 7.32 and a beta of 0.86. The stock’s 50 day simple moving average is $6.48 and its 200-day simple moving average is $7.09.

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

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at about $35,000. Atlas Capital Advisors LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the second quarter worth approximately $71,000. Verdence Capital Advisors LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at approximately $72,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at approximately $75,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the third quarter worth $79,000.

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.