Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Price action: Turkcell (NYSE:TKC) passed above its two hundred day moving average
• Analyst sentiment: The stock carries a consensus "Hold" rating after recent downgrades, including Wall Street Zen cutting its rating from Buy to Hold and Weiss Ratings reaffirming Hold (c).
• Fundamentals and flows: Turkcell has a market cap of $5.75 billion and a P/E of 14.21, reported $0.10 EPS on $1.50 billion revenue last quarter, and has seen institutional buying (e.g., Goldman Sachs increased its stake ~20.9%).

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.14 and traded as high as $6.57. Turkcell Iletisim Hizmetleri AS shares last traded at $6.5350, with a volume of 619,045 shares.

Wall Street Analyst Weigh In

TKC has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Weiss Ratings restated a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Turkcell Iletisim Hizmetleri AS Trading Up 1.8%

The business has a 50 day moving average of $6.30 and a two-hundred day moving average of $6.14. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 14.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.70.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The Wireless communications provider reported $0.10 EPS 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 during the quarter. Equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently bought and sold shares of TKC. Goldman Sachs Group Inc. raised its holdings in Turkcell Iletisim Hizmetleri AS by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 928,094 shares of the Wireless communications provider's stock worth $5,773,000 after buying an additional 160,213 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the first quarter valued at about $358,000. JPMorgan Chase & Co. increased its position in shares of 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. EverSource Wealth Advisors LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 51.8% during the second quarter. EverSource Wealth Advisors LLC now owns 22,358 shares of the Wireless communications provider's stock worth $135,000 after acquiring an additional 7,626 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 13.8% in the 2nd quarter. Guggenheim Capital LLC now owns 112,096 shares of the Wireless communications provider's stock worth $678,000 after acquiring an additional 13,616 shares during the last quarter.

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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