Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Technical move: Turkcell shares briefly crossed above their 200-day moving average
• Analyst stance: The consensus rating is a Hold after recent downgrades, including Wall Street Zen cutting TKC from Buy to Hold and Weiss Ratings reissuing a Hold (c).
• Fundamentals and ownership: The company has a market cap of $5.31 billion and a P/E of 13.12, reported Q4 EPS of $0.10 on $1.50 billion revenue with analysts expecting ~0.26 EPS for the year, while several institutional investors increased or initiated positions in the quarter.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.07 and traded as high as $6.08. Turkcell Iletisim Hizmetleri AS shares last traded at $6.0350, with a volume of 3,114,119 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TKC shares. Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Friday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Performance

The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 13.12 and a beta of 0.96. The company has a current ratio of 1.70, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average is $6.51 and its 200 day moving average is $6.07.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last issued its quarterly earnings data on Sunday, February 15th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.50 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. Analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 7.2% in the fourth quarter. Corient Private Wealth LLC now owns 123,562 shares of the Wireless communications provider's stock worth $676,000 after purchasing an additional 8,252 shares during the period. DGS Capital Management LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 10.4% during the fourth quarter. DGS Capital Management LLC now owns 123,617 shares of the Wireless communications provider's stock worth $676,000 after purchasing an additional 11,656 shares during the period. Vident Advisory LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 1.6% during the fourth quarter. Vident Advisory LLC now owns 243,812 shares of the Wireless communications provider's stock worth $1,334,000 after buying an additional 3,936 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $2,888,000. Finally, Virtus Investment Advisers LLC bought a new position in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $152,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.