Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Down – Should You Sell?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down before the market opened on Friday . The stock had previously closed at $7.36, but opened at $7.11. Turkcell Iletisim Hizmetleri A.S. shares last traded at $7.18, with a volume of 364,106 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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 Down 2.6 %

The business has a fifty day simple moving average of $7.00 and a 200-day simple moving average of $6.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81.

Institutional Trading of Turkcell Iletisim Hizmetleri A.S.

A number of large investors have recently bought and sold shares of the business. Creative Planning grew its stake in Turkcell Iletisim Hizmetleri A.S. by 19.5% during the third quarter. Creative Planning now owns 176,368 shares of the Wireless communications provider’s stock worth $1,213,000 after purchasing an additional 28,819 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth approximately $75,000. Ballentine Partners LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 18.4% in the 3rd quarter. Ballentine Partners LLC now owns 63,056 shares of the Wireless communications provider’s stock valued at $434,000 after acquiring an additional 9,806 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 3.3% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 108,897 shares of the Wireless communications provider’s stock valued at $749,000 after acquiring an additional 3,434 shares during the period. Finally, US Bancorp DE raised its holdings in Turkcell Iletisim Hizmetleri A.S. by 15.2% during the third quarter. US Bancorp DE now owns 33,814 shares of the Wireless communications provider’s stock worth $233,000 after buying an additional 4,462 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.