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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.03 and traded as high as $6.31. Turkcell Iletisim Hizmetleri AS shares last traded at $6.19, with a volume of 2,329,881 shares.

Analyst Upgrades and Downgrades

TKC has been the topic of several recent research reports. Wall Street Zen raised Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Stock Down 4.3%

The company’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $6.03. The firm has a market capitalization of $5.45 billion, a PE ratio of 16.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.75 and a quick ratio of 1.75.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Several institutional investors have recently added to or reduced their stakes in TKC. SBI Securities Co. Ltd. grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 50.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 1,698 shares during the last quarter. HB Wealth Management LLC boosted its stake 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 worth $70,000 after purchasing an additional 1,831 shares in the last quarter. PNC Financial Services Group Inc. grew 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 last quarter. Inspire Investing LLC increased its stake 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 valued at $72,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 8.3% in the third 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 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.