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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares saw unusually-strong trading volume on Wednesday . Approximately 205,945 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 327,286 shares.The stock last traded at $6.85 and had previously closed at $6.74.

Wall Street Analyst Weigh In

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

Turkcell Iletisim Hizmetleri A.S. Price Performance

The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 7.61 and a beta of 0.86. 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 business has a 50 day simple moving average of $6.61 and a 200-day simple moving average of $6.98.

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

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth approximately $35,000. JPMorgan Chase & Co. raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 70.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock valued at $44,000 after acquiring an additional 2,656 shares during the period. Verdence Capital Advisors LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $72,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $75,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $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.