Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Up – Here’s What Happened

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.89, but opened at $6.19. Turkcell Iletisim Hizmetleri A.S. shares last traded at $6.25, with a volume of 349,943 shares traded.

Turkcell Iletisim Hizmetleri A.S. Trading Up 0.2 %

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 stock has a market capitalization of $5.48 billion, a P/E ratio of 4.23 and a beta of 0.88. The stock’s fifty day moving average price is $7.16 and its two-hundred day moving average price is $6.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 4th quarter valued at about $2,082,000. Marshall Wace LLP boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 136.2% during the fourth quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider’s stock valued at $3,359,000 after purchasing an additional 297,554 shares during the period. Northern Trust Corp grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 389.1% in the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider’s stock worth $1,945,000 after purchasing an additional 237,739 shares during the last quarter. Vise Technologies Inc. increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 84.2% in the fourth quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider’s stock worth $2,576,000 after buying an additional 180,918 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% in the third quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock worth $4,604,000 after buying an additional 159,572 shares during the period.

Turkcell Iletisim Hizmetleri A.S. Company Profile

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.