Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Gap Up – Still a Buy?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s stock price gapped up before the market opened 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 trading hands.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $7.19 and a 200 day moving average price of $6.81. The stock has a market cap of $5.46 billion, a PE ratio of 4.22 and a beta of 0.88.

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

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the fourth quarter valued at approximately $29,000. Aquatic Capital Management LLC grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 89.4% in the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 2,145 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at about $35,000. JPMorgan Chase & Co. raised its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 70.7% during the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock valued at $44,000 after acquiring an additional 2,656 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 167.9% during the fourth quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider’s stock worth $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.