Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.89 and traded as high as $6.60. Turkcell Iletisim Hizmetleri AS shares last traded at $6.57, with a volume of 1,057,897 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented 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 reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $5.78 billion, a P/E ratio of 17.76 and a beta of 0.95. The business has a 50-day moving average price of $6.01 and a 200 day moving average price of $5.89.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data 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 during the quarter. As a group, sell-side analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

A number of institutional investors and hedge funds have recently bought and sold shares of TKC. SBI Securities Co. Ltd. grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,698 shares during the last quarter. WealthCollab LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 59.7% in the 4th quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 2,244 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 197.8% in the 4th quarter. Farther Finance Advisors LLC now owns 8,603 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 5,714 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 3,963 shares during the last quarter. Finally, MAI Capital Management bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 2nd quarter worth $53,000.

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.