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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s stock price crossed 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 traded.

Analysts Set New Price Targets

Several research analysts have commented on TKC shares. Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated 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.com, the company presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.69. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $6.06. The firm has a market cap of $5.38 billion, a PE ratio of 13.29 and a beta of 0.96.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Friday, March 6th. The Wireless communications provider reported $0.10 earnings per share for the quarter. The firm had revenue of $1.50 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. Sell-side analysts expect 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 the company. SBI Securities Co. Ltd. lifted its position in 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 purchasing an additional 1,698 shares during the period. HB Wealth Management LLC boosted its holdings 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 purchasing an additional 1,831 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 115,095 shares of the Wireless communications provider’s stock worth $630,000 after purchasing an additional 1,906 shares during the period. Inspire Investing LLC increased its position in Turkcell Iletisim Hizmetleri AS by 16.8% during the 4th quarter. Inspire Investing LLC now owns 13,230 shares of the Wireless communications provider’s stock worth $72,000 after purchasing an additional 1,906 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS by 8.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 25,192 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 1,921 shares in the last quarter.

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.