Turkcell Iletisim Hizmetleri AS (TKC) Shares are Down -8.87%

Turkcell Iletisim Hizmetleri AS (TKC) : During the past 4 weeks, traders have been relatively bearish on Turkcell Iletisim Hizmetleri AS (TKC), hence the stock is down -6.54% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -9.43% relative to the S&P 500. The 4-week change in the price of the stock is -0.23% and the stock has fallen -8.87% in the past 1 week.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.56 and $8.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.73, notching a gain of 3.68% for the day. The total traded volume was 989,151 . The stock had closed at $8.42 on the previous day.


The stock has recorded a 20-day Moving Average of 3.83% and the 50-Day Moving Average is 3.77%. Turkcell Iletisim Hizmetleri AS has dropped 16.3% during the last 3-month period . Year-to-Date the stock performance stands at 2.83%.

Turkcell Iletisim Hizmetleri AS is a converged communication and technology services provider in Turkey. It is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company comprises the following main reportable segments: Turkcell, Euroasia, Belarusian Telecom all of which are GSM operator in their countries and Turkcell Superonline which provides fixed broadband services. Other operations mainly include companies operating in telecommunication and betting businesses and companies providing internet and broadband services, call center and other services. The Companys subsidiaries are: Rehberlik Hizmetleri Servisi AS, engaged in telecommunications; Kule Hizmet ve Isletmecilik AS, engaged in telecommunications infrastructure business, and Turkcell Interaktif Dijital Platform ve Icerik Hizmetleri AS, engaged in radio and television broadcasting, among others.

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