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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.86 and traded as high as $6.72. Turkcell Iletisim Hizmetleri AS shares last traded at $6.6950, with a volume of 1,052,577 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. Wall Street Zen raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a report on Friday, November 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The stock has a market cap of $5.89 billion, a PE ratio of 18.09 and a beta of 0.95. The firm’s 50-day moving average is $5.89 and its 200 day moving average is $5.86. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.75 and a current ratio of 1.75.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TKC. Millennium Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 326.4% during the third quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock worth $21,042,000 after purchasing an additional 2,675,681 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Turkcell Iletisim Hizmetleri AS by 37.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,601,742 shares of the Wireless communications provider’s stock worth $15,741,000 after buying an additional 712,257 shares during the last quarter. Marshall Wace LLP raised its position in Turkcell Iletisim Hizmetleri AS by 284.9% during the 2nd quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider’s stock worth $15,703,000 after buying an additional 1,921,276 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 103.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock worth $11,840,000 after acquiring an additional 1,000,311 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 24.4% in the second quarter. American Century Companies Inc. now owns 1,049,023 shares of the Wireless communications provider’s stock valued at $6,347,000 after acquiring an additional 205,693 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.