Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.03 and traded as high as $6.31. Turkcell Iletisim Hizmetleri AS shares last traded at $6.19, with a volume of 2,329,881 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on TKC. Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Down 1.6%

The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.49. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 13.20 and a beta of 0.96. The company has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $6.03.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Thursday, March 5th. The Wireless communications provider reported $0.10 EPS for the quarter. The business had revenue of $1.49 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 7.08%. On average, research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

A number of large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 1,698 shares during the period. HB Wealth Management LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 16.7% in the 4th quarter. HB Wealth Management LLC now owns 12,773 shares of the Wireless communications provider’s stock valued at $70,000 after buying an additional 1,831 shares during the period. PNC Financial Services Group Inc. lifted its position in Turkcell Iletisim Hizmetleri AS by 1.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 115,095 shares of the Wireless communications provider’s stock worth $630,000 after buying an additional 1,906 shares in the last quarter. Inspire Investing LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 16.8% in the 4th quarter. Inspire Investing LLC now owns 13,230 shares of the Wireless communications provider’s stock worth $72,000 after buying an additional 1,906 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 8.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 25,192 shares of the Wireless communications provider’s stock valued at $152,000 after buying an additional 1,921 shares during the period.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.