Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.83 and traded as high as $6.16. Turkcell Iletisim Hizmetleri AS shares last traded at $6.1450, with a volume of 934,307 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS presently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The business has a 50-day moving average of $5.77 and a 200 day moving average of $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. The company has a market cap of $5.39 billion, a PE ratio of 16.61 and a beta of 0.95.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Turkcell Iletisim Hizmetleri AS by 102.5% during the 2nd 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. MAI Capital Management purchased a new position in Turkcell Iletisim Hizmetleri AS during the second quarter valued at $53,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at about $56,000. Fox Run Management L.L.C. purchased a new stake in Turkcell Iletisim Hizmetleri AS in the third quarter worth about $63,000. Finally, Wealthstream Advisors Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the third quarter worth about $65,000.

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.