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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw unusually-high trading volume on Wednesday . Approximately 205,945 shares changed hands during 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 lowered Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Stock Up 0.1 %

The company has a market cap of $5.94 billion, a price-to-earnings ratio of 7.58 and a beta of 0.86. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $6.59 and a two-hundred day moving average of $6.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth $793,000. Caprock Group LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% during the second quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock worth $731,000 after buying an additional 73,460 shares during the period. US Bancorp DE boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 15.2% during the 3rd quarter. US Bancorp DE now owns 33,814 shares of the Wireless communications provider’s stock worth $233,000 after purchasing an additional 4,462 shares in the last quarter. Cerity Partners LLC increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 24.2% in the third quarter. Cerity Partners LLC now owns 86,760 shares of the Wireless communications provider’s stock valued at $597,000 after buying an additional 16,909 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Turkcell Iletisim Hizmetleri A.S. by 10.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock worth $942,000 after purchasing an additional 11,415 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.