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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.04 and traded as high as $6.24. Turkcell Iletisim Hizmetleri AS shares last traded at $6.1450, with a volume of 843,736 shares trading hands.

Wall Street Analyst Weigh In

TKC has been the topic of a number of research analyst reports. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Down 1.0%

The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 13.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.75 and a current ratio of 1.70. The business has a fifty day simple moving average of $6.44 and a 200-day simple moving average of $6.04.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings data on Friday, March 6th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $1.50 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.85% and a net margin of 7.39%. As a group, equities analysts forecast 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 20.9% in the 1st 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 period. Jane Street Group LLC purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth about $358,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 67.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,243 shares of the Wireless communications provider’s stock worth $165,000 after purchasing an additional 10,974 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Turkcell Iletisim Hizmetleri AS by 33.9% in the second quarter. PNC Financial Services Group Inc. now owns 88,492 shares of the Wireless communications provider’s stock valued at $535,000 after purchasing an additional 22,383 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in Turkcell Iletisim Hizmetleri AS during the second quarter valued at approximately $436,000.

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.