Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Stock Crosses Above 200-Day Moving Average – Here’s Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.04 and traded as high as $6.24. Turkcell Iletisim Hizmetleri AS shares last traded at $6.1450, with a volume of 843,736 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TKC shares. Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Turkcell Iletisim Hizmetleri AS has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

The firm has a market cap of $5.41 billion, a PE ratio of 13.36 and a beta of 0.96. The company has a quick ratio of 1.75, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $6.44 and a two-hundred day moving average price of $6.04.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Friday, March 6th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.50 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. As a group, equities analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. grew 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 valued at $28,000 after buying an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Turkcell Iletisim Hizmetleri AS in the 4th quarter worth $28,000. WealthCollab LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 59.7% in the 4th quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 2,244 shares during the last quarter. Arax Advisory Partners lifted its position in Turkcell Iletisim Hizmetleri AS by 381.2% during the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock worth $41,000 after acquiring an additional 5,936 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 4th quarter worth about $44,000.

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.