Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Turkcell (NYSE:TKC) traded above its 200-day moving average
• Analysts have trimmed expectations to a consensus Hold, with Wall Street Zen cutting TKC from Buy to Hold and Weiss Ratings reaffirming a Hold (c) stance.
• The company has a $5.54 billion market cap and a P/E of 13.68, reported $0.10 EPS on $1.50 billion revenue for the quarter, and saw notable institutional buying (e.g., Goldman Sachs increased its stake by 20.9%).

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.12 and traded as high as $6.40. Turkcell Iletisim Hizmetleri AS shares last traded at $6.2950, with a volume of 552,177 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on TKC shares. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Weiss Ratings restated a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Down 2.1%

The business has a 50-day simple moving average of $6.35 and a two-hundred day simple moving average of $6.12. The stock has a market capitalization of $5.54 billion, a P/E ratio of 13.68 and a beta of 1.04. The company has a quick ratio of 1.69, a current ratio of 1.70 and a debt-to-equity ratio of 0.47.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings results on Sunday, February 15th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%.The firm had revenue of $1.50 billion for the quarter. Equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of large investors have recently bought and sold shares of TKC. Goldman Sachs Group Inc. grew its position in Turkcell Iletisim Hizmetleri AS by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock valued at $5,773,000 after acquiring an additional 160,213 shares during the period. Jane Street Group LLC bought a new stake in Turkcell Iletisim Hizmetleri AS in the first quarter valued at $358,000. JPMorgan Chase & Co. grew its position in Turkcell Iletisim Hizmetleri AS by 102.5% in the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider's stock valued at $47,000 after acquiring an additional 3,963 shares during the period. EverSource Wealth Advisors LLC grew its position in Turkcell Iletisim Hizmetleri AS by 51.8% in the second quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider's stock valued at $135,000 after acquiring an additional 7,626 shares during the period. Finally, Guggenheim Capital LLC grew its position in Turkcell Iletisim Hizmetleri AS by 13.8% in the second quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider's stock valued at $678,000 after acquiring an additional 13,616 shares during the period.

About Turkcell Iletisim Hizmetleri AS

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.

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