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

Key Points

• Turkcell Iletisim Hizmetleri AS shares recently surpassed their two hundred day moving average, trading at $6.01 with a high of $6.02.
• Analysts have downgraded the stock from a "strong-buy" rating to a "buy" rating, indicating a more cautious outlook.
• The company's latest quarterly earnings reported $0.13 EPS and $1.37 billion in revenue, with an anticipated earnings forecast of 0.26 EPS for the current year.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.99 and traded as high as $6.02. Turkcell Iletisim Hizmetleri AS shares last traded at $6.01, with a volume of 4,465,695 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Trading Up 1.0%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 4.09 and a beta of 0.99. The business has a fifty day moving average price of $5.82 and a 200 day moving average price of $5.99.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.37 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%. As a group, equities analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TKC. JPMorgan Chase & Co. lifted its position 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 valued at $47,000 after buying an additional 3,963 shares in the last quarter. MAI Capital Management purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at $53,000. Foster Group Inc. purchased a new position in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter valued at $67,000. HB Wealth Management LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at $67,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Turkcell Iletisim Hizmetleri AS by 17.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock worth $77,000 after purchasing an additional 1,816 shares during the period.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.

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