Akbank TAS (OTCMKTS: AKBTY – Get a rating) the stock price fell 4.3% on Friday. The company traded as low as $1.01 and last traded at $1.01. About 1,901 shares changed hands during trading, down 93% from the average daily volume of 27,559 shares. The stock previously closed at $1.05.
Changes to analyst ratings
Separately, JPMorgan Chase & Co. raised its price target on Akbank TAS shares from 12.70 to 15.00 and gave the stock an “overweight” rating in a Thursday 5 may.
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, provides various banking products and services in Turkey and abroad. It operates through: Retail Banking; Commercial Bank, SME Bank, Investment Bank and Private Bank; and Treasury segments. The Company’s retail banking services include deposit accounts, personal loans, commercial installment loans, credit cards, insurance products and asset management services, as well as bank cards, investment fund trading, automatic payment, foreign currency trading, safe deposit box rental, checks, money transfer, investment banking, and telephone and Internet banking.
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