Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down – Here’s Why

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down prior to trading on Friday . The stock had previously closed at $7.36, but opened at $7.11. Turkcell Iletisim Hizmetleri A.S. shares last traded at $7.18, with a volume of 364,106 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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. Stock Down 3.7 %

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 company’s 50 day simple moving average is $7.01 and its 200-day simple moving average is $6.86.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 3.8% during the fourth quarter. American Century Companies Inc. now owns 790,236 shares of the Wireless communications provider’s stock valued at $5,144,000 after acquiring an additional 29,286 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 25.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider’s stock valued at $4,500,000 after acquiring an additional 140,489 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% during the third quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after acquiring an additional 159,572 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 136.2% during the fourth quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider’s stock valued at $3,359,000 after acquiring an additional 297,554 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 461,819 shares of the Wireless communications provider’s stock valued at $3,008,000 after acquiring an additional 30,545 shares in the last quarter.

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.