Akbank TAS (OTCMKTS:AKBTY) trades 6.2% higher



Akbank TAS (OTCMKTS:AKBTYget rating) shares rose 6.2% during trading on Thursday. The company traded as high as $1.03 and last time traded at $1.03. Approximately 139,315 shares were traded during trading, an increase of 412% from the average daily volume of 27,188 shares. The stock had previously closed at $0.97.

Separately, JPMorgan Chase & Co. raised its price target on Akbank TAS from 12.70 to 15.00 and gave the stock an “overweight” rating in a research note on Thursday, May 5.

The company has a 50-day simple moving average of $1.07 and a 200-day simple moving average of $1.08.

The company also recently declared a dividend, which was paid on Friday, April 8. Investors registered on Thursday, March 31, received a dividend of $0.0227 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Wednesday, March 30.

Akbank TAS company profile (OTCMKTS:AKBTY)

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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