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

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw unusually-strong trading volume on Thursday . Approximately 975,005 shares were traded 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. Stock Performance

The business has a 50-day moving average of $7.23 and a two-hundred day moving average of $6.84. The company has a market cap of $5.66 billion, a P/E ratio of 4.38 and a beta of 0.88. 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 Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

A number of institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $29,000. Aquatic Capital Management LLC grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 89.4% in the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 2,145 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at approximately $35,000. JPMorgan Chase & Co. grew its holdings in 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 valued at $44,000 after purchasing an additional 2,656 shares during the period. Finally, GeoWealth Management LLC grew its holdings in 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 purchasing an additional 6,017 shares during the period.

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.