Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Strong Trading Volume – Still a Buy?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares saw unusually-high 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.

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 0.1 %

The firm has a market capitalization of $5.94 billion, a PE ratio of 7.58 and a beta of 0.86. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $6.59 and its two-hundred day moving average price is $6.99.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at about $35,000. JPMorgan Chase & Co. grew its holdings in shares of 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 in the last quarter. Verdence Capital Advisors LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 3rd quarter worth about $72,000. Hennion & Walsh Asset Management Inc. acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the third quarter worth approximately $75,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth $79,000.

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.