Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $6.59 and last traded at $6.59, with a volume of 1220 shares traded. The stock had previously closed at $6.52.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Turkcell Iletisim Hizmetleri A.S. from a "hold" rating to a "buy" rating in a research report on Saturday, March 30th.
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Turkcell Iletisim Hizmetleri A.S. Price Performance
The company's fifty day moving average price is $5.63 and its two-hundred day moving average price is $5.24. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 7.32 and a beta of 0.82.
Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.
A number of large investors have recently added to or reduced their stakes in TKC. Hsbc Holdings PLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 154.6% in the third quarter. Hsbc Holdings PLC now owns 750,937 shares of the Wireless communications provider's stock valued at $3,549,000 after purchasing an additional 456,019 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Turkcell Iletisim Hizmetleri A.S. by 41.4% in the 1st quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider's stock valued at $2,001,000 after buying an additional 112,852 shares during the last quarter. BTC Capital Management Inc. bought a new stake in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth about $1,073,000. StoneX Group Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth about $996,000. Finally, Citigroup Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 12.9% in the 3rd quarter. Citigroup Inc. now owns 175,121 shares of the Wireless communications provider's stock valued at $828,000 after acquiring an additional 19,996 shares in the last quarter.
Turkcell Iletisim Hizmetleri A.S. Company Profile
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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.
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