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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) crossed 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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TKC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Monday, December 29th. Wall Street Zen upgraded Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings data on Friday, November 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1.43 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.47% and a net margin of 7.52%. On average, sell-side analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

A number of large investors have recently added to or reduced their stakes in TKC. WealthCollab LLC increased its holdings in Turkcell Iletisim Hizmetleri AS by 59.7% during 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 grew its position in shares of Turkcell Iletisim Hizmetleri AS by 197.8% in the fourth quarter. Farther Finance Advisors LLC now owns 8,603 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 5,714 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 worth $47,000 after purchasing an additional 3,963 shares in the last quarter. MAI Capital Management acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the 2nd quarter worth approximately $53,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $56,000.

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.