Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Trading 3% Higher – What’s Next?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s stock price traded up 3% on Friday . The company traded as high as $6.25 and last traded at $6.27. 75,112 shares changed hands during trading, a decline of 86% from the average session volume of 551,525 shares. The stock had previously closed at $6.08.

Turkcell Iletisim Hizmetleri A.S. Trading Up 2.5 %

The business has a fifty day moving average of $7.15 and a 200-day moving average of $6.80. 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 company has a market capitalization of $5.49 billion, a P/E ratio of 4.24 and a beta of 0.88.

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

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