Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.83 and traded as high as $5.84. Turkcell Iletisim Hizmetleri AS shares last traded at $5.7150, with a volume of 2,100,216 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on TKC. Wall Street Zen upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Up 0.6%

The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 15.45 and a beta of 0.95. The business’s 50 day moving average is $5.75 and its 200 day moving average is $5.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.75 and a quick ratio of 1.75.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter. The company had revenue of $1.43 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.47% and a net margin of 7.52%. As a group, equities analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings 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 purchasing 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. Fox Run Management L.L.C. acquired a new stake in Turkcell Iletisim Hizmetleri AS during the 3rd quarter worth $63,000. Wealthstream Advisors Inc. purchased a new stake in Turkcell Iletisim Hizmetleri AS in the third quarter valued at $65,000. Finally, Foster Group Inc. acquired a new position in Turkcell Iletisim Hizmetleri AS in the second quarter valued at $67,000.

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.