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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.05 and traded as high as $6.18. Turkcell Iletisim Hizmetleri AS shares last traded at $6.1450, with a volume of 1,761,436 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Trading Up 1.2%

The company has a quick ratio of 1.69, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $6.50 and its two-hundred day moving average is $6.05. The company has a market capitalization of $5.41 billion, a PE ratio of 13.36 and a beta of 0.95.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Friday, March 6th. The Wireless communications provider reported $0.10 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. The business had revenue of $1.50 billion for the quarter. As a group, sell-side analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TKC. American Century Companies Inc. increased its stake 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 worth $6,347,000 after acquiring an additional 205,693 shares during the period. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 712,257 shares during the period. Marshall Wace LLP raised its stake in shares of 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 valued at $15,703,000 after buying an additional 1,921,276 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 33.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 88,492 shares of the Wireless communications provider’s stock valued at $535,000 after buying an additional 22,383 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS in the second quarter worth about $880,000.

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.