Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Turkcell shares recently crossed above their 200-day moving average, trading as high as $6.55 versus the 200‑day MA of $6.09, on volume of about 565,713 shares.
• Analysts hold a consensus "Hold" rating after recent downgrades; the company has a $5.72 billion market cap, a P/E of 14.14, reported $0.10 EPS on $1.50 billion revenue last quarter, and analysts project about $0.26 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.09 and traded as high as $6.55. Turkcell Iletisim Hizmetleri AS shares last traded at $6.5050, with a volume of 565,713 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Friday, March 27th. Wall Street Zen downgraded Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Turkcell Iletisim Hizmetleri AS has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Stock Performance

The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 14.14 and a beta of 1.04. The stock has a 50 day moving average of $6.44 and a 200 day moving average of $6.09. 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 posted its quarterly earnings results on Sunday, February 15th. The Wireless communications provider reported $0.10 EPS for the quarter. The business had revenue of $1.50 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%. As a group, analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its stake in Turkcell Iletisim Hizmetleri AS by 50.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 1,698 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth about $28,000. WealthCollab LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 59.7% during the fourth 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 in the last quarter. Arax Advisory Partners raised its stake in Turkcell Iletisim Hizmetleri AS by 381.2% during the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Turkcell Iletisim Hizmetleri AS by 102.5% during the second quarter. JPMorgan Chase & Co. now owns 7,829 shares of the Wireless communications provider's stock worth $47,000 after acquiring an additional 3,963 shares in the last quarter.

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.

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