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

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw unusually-strong trading volume on Thursday . Approximately 975,005 shares changed hands during trading, an increase of 82% from the previous session’s volume of 536,036 shares.The stock last traded at $6.46 and had previously closed at $6.50.

Turkcell Iletisim Hizmetleri A.S. Trading Down 9.1 %

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 business has a 50-day moving average price of $7.20 and a two-hundred day moving average price of $6.83. The firm has a market cap of $5.13 billion, a PE ratio of 3.97 and a beta of 0.88.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 4th quarter worth approximately $29,000. Aquatic Capital Management LLC increased its position in Turkcell Iletisim Hizmetleri A.S. by 89.4% during the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 2,145 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Turkcell Iletisim Hizmetleri A.S. during the third quarter worth $35,000. JPMorgan Chase & Co. raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock worth $44,000 after acquiring an additional 2,656 shares during the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% in the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider’s stock valued at $62,000 after acquiring an additional 6,017 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.