Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $5.53. Turkcell Iletisim Hizmetleri A.S. shares last traded at $5.49, with a volume of 9,034 shares trading hands.

Several research analysts recently weighed in on TKC shares. ValuEngine raised Turkcell Iletisim Hizmetleri A.S. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. HSBC downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Zacks Investment Research downgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Turkcell Iletisim Hizmetleri A.S. currently has a consensus rating of “Hold” and a consensus price target of $7.25.

The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.71. The firm’s fifty day simple moving average is $5.64.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.07 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.26% and a return on equity of 12.10%. On average, research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.68 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth about $251,000. Bank of New York Mellon Corp lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 241.8% in the 4th quarter. Bank of New York Mellon Corp now owns 270,761 shares of the Wireless communications provider’s stock worth $1,522,000 after acquiring an additional 191,553 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth about $43,000. Millennium Management LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 101.6% in the 4th quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock worth $2,504,000 after acquiring an additional 224,565 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 101.0% in the 1st quarter. Quadrant Capital Group LLC now owns 12,014 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 6,036 shares in the last quarter. 3.03% of the stock is owned by hedge funds and other institutional investors.

About Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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