Zacks Investment Research cut shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) from a strong-buy rating to a hold rating in a research note released on Thursday.

According to Zacks, “Turkcell is the leading provider of mobile communications services in Turkey. “

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) opened at 6.80 on Thursday. Turkcell Iletisim Hizmetleri AS has a 52 week low of $6.77 and a 52 week high of $10.87. The company has a 50-day moving average of $7.64 and a 200-day moving average of $8.44. The stock’s market cap is $6.32 billion.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in Turkcell Iletisim Hizmetleri AS during the second quarter worth approximately $115,000. Princeton Alpha Management LP increased its position in Turkcell Iletisim Hizmetleri AS by 8.4% in the second quarter. Princeton Alpha Management LP now owns 13,650 shares of the company’s stock worth $125,000 after buying an additional 1,052 shares in the last quarter. Checchi Capital Advisers LLC increased its position in Turkcell Iletisim Hizmetleri AS by 10.2% in the second quarter. Checchi Capital Advisers LLC now owns 14,048 shares of the company’s stock worth $129,000 after buying an additional 1,302 shares in the last quarter. Private Bank & Trust Co. increased its position in Turkcell Iletisim Hizmetleri AS by 27.6% in the second quarter. Private Bank & Trust Co. now owns 14,442 shares of the company’s stock worth $132,000 after buying an additional 3,122 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Turkcell Iletisim Hizmetleri AS by 5,522.0% in the second quarter. Tower Research Capital LLC TRC now owns 16,866 shares of the company’s stock worth $155,000 after buying an additional 16,566 shares in the last quarter. 5.68% of the stock is owned by institutional investors.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a global system for mobile communications (GSM) network in Turkey and regional states. The Company provides services to its consumer and corporate customers with its mobile, fixed broadband, television products and other media services.

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