Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Stock Price Crosses Above Two Hundred 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 Tuesday . The stock has a two hundred day moving average of $6.07 and traded as high as $6.08. Turkcell Iletisim Hizmetleri AS shares last traded at $6.0350, with a volume of 3,114,119 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on TKC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Friday, March 27th. Wall Street Zen cut Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

The stock’s fifty day moving average is $6.51 and its 200-day moving average is $6.07. The stock has a market capitalization of $5.30 billion, a PE ratio of 13.10 and a beta of 1.04. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.69.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings data on Sunday, February 15th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. The company had revenue of $1.50 billion during the quarter. As a group, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Several institutional investors have recently bought and sold shares of TKC. SBI Securities Co. Ltd. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 50.0% in 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 in the last quarter. HB Wealth Management LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 16.7% in the 4th quarter. HB Wealth Management LLC now owns 12,773 shares of the Wireless communications provider’s stock valued at $70,000 after acquiring an additional 1,831 shares during the period. PNC Financial Services Group Inc. increased its holdings in Turkcell Iletisim Hizmetleri AS by 1.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 115,095 shares of the Wireless communications provider’s stock worth $630,000 after acquiring an additional 1,906 shares in the last quarter. Inspire Investing LLC increased its holdings in Turkcell Iletisim Hizmetleri AS by 16.8% in the 4th quarter. Inspire Investing LLC now owns 13,230 shares of the Wireless communications provider’s stock worth $72,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in Turkcell Iletisim Hizmetleri AS by 8.3% during the third quarter. Evergreen Capital Management LLC now owns 25,192 shares of the Wireless communications provider’s stock worth $152,000 after acquiring an additional 1,921 shares during the period.

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.