Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.83 and traded as high as $6.16. Turkcell Iletisim Hizmetleri AS shares last traded at $6.1450, with a volume of 934,307 shares.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri AS Stock Performance

The company has a market capitalization of $5.39 billion, a P/E ratio of 16.61 and a beta of 0.95. 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 business’s fifty day simple moving average is $5.77 and its 200-day simple moving average is $5.83.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings data on Friday, November 7th. The Wireless communications provider reported $0.15 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.52% and a return on equity of 7.47%. The business had revenue of $1.43 billion during the quarter. As a group, equities analysts anticipate 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 hedge funds have recently modified their holdings of TKC. Blue Trust Inc. boosted its position in shares of Turkcell Iletisim Hizmetleri AS by 73.1% during the 4th quarter. Blue Trust Inc. now owns 41,364 shares of the Wireless communications provider’s stock valued at $226,000 after acquiring an additional 17,471 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at $56,000. Frank Rimerman Advisors LLC bought a new position in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at $533,000. Kathmere Capital Management LLC grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 15.4% in the 4th quarter. Kathmere Capital Management LLC now owns 25,554 shares of the Wireless communications provider’s stock worth $140,000 after buying an additional 3,403 shares in the last quarter. Finally, Tuttle Capital Management LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter worth about $101,000.

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.