Akbank TAS (OTCMKTS:AKBTY – get ratingThe share price of ) fell 4.3% on Friday. The company traded as low as $1.01 and last time traded at $1.01. Approximately 1,901 shares changed hands during trading, a 93% decrease from the average daily volume of 27,559 shares. The stock had previously closed at $1.05.
Changes in analyst ratings
Separately, JPMorgan Chase & Co. raised its target price on Akbank TAS shares from 12.70 to 15.00 and gave the stock an “overweight” rating in a research note on Thursday, May 5.
Akbank TAS Price Performance
The company’s 50-day moving average is $0.98 and its 200-day moving average is $1.05.
About Akbank TAS
Akbank TAS, together with its subsidiaries, offers various banking products and services in Turkey and internationally. Operates through: Retail Banking; Commercial Banking, SME Banking, Corporate-Investment and Private Banking; and treasury segments. The company’s retail banking services include deposit accounts, retail loans, commercial installment loans, credit cards, insurance products and asset management services, as well as bank cards, mutual fund trading, automatic payment, trading foreign exchange, rental of safe deposit boxes, checks, money transfer, investment banking and telephone and Internet banking.
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