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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.89 and traded as high as $6.60. Turkcell Iletisim Hizmetleri AS shares last traded at $6.57, with a volume of 1,057,897 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Performance

The firm’s 50-day moving average is $6.01 and its two-hundred day moving average is $5.89. The stock has a market cap of $5.78 billion, a P/E ratio of 17.76 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.49.

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

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKC. Yousif Capital Management LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 14.3% during the 2nd quarter. Yousif Capital Management LLC now owns 15,522 shares of the Wireless communications provider’s stock worth $94,000 after buying an additional 1,940 shares during the last quarter. American Century Companies Inc. raised its holdings in Turkcell Iletisim Hizmetleri AS by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 1,049,023 shares of the Wireless communications provider’s stock valued at $6,347,000 after acquiring an additional 205,693 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Turkcell Iletisim Hizmetleri AS by 1.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 129,670 shares of the Wireless communications provider’s stock worth $785,000 after acquiring an additional 1,947 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 37.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,601,742 shares of the Wireless communications provider’s stock worth $15,741,000 after acquiring an additional 712,257 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Turkcell Iletisim Hizmetleri AS by 284.9% in the second quarter. Marshall Wace LLP now owns 2,595,560 shares of the Wireless communications provider’s stock valued at $15,703,000 after purchasing an additional 1,921,276 shares during the last quarter.

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.