Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Cross Above 200-Day Moving Average of $0.00

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) passed 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 changing hands.

A number of analysts have issued reports on TKC shares. ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, HSBC downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Turkcell Iletisim Hizmetleri A.S. presently has a consensus rating of “Hold” and an average price target of $7.25.

The company has a fifty day moving average of $5.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.71 and a current ratio of 1.73. The stock has a market capitalization of $4.80 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.57 and a beta of 0.69.

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

Several institutional investors have recently modified their holdings of TKC. Oldfield Partners LLP lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 14.0% during the 2nd quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock worth $32,294,000 after acquiring an additional 721,794 shares during the period. Millennium Management LLC increased its position in Turkcell Iletisim Hizmetleri A.S. by 101.6% during the 4th quarter. Millennium Management LLC now owns 445,592 shares of the Wireless communications provider’s stock worth $2,504,000 after purchasing an additional 224,565 shares in the last quarter. Bank of New York Mellon Corp increased its position in Turkcell Iletisim Hizmetleri A.S. by 241.8% during 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 purchasing an additional 191,553 shares in the last quarter. Marshall Wace LLP acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth approximately $482,000. Finally, Brandes Investment Partners LP increased its position in Turkcell Iletisim Hizmetleri A.S. by 21.3% during the 2nd quarter. Brandes Investment Partners LP now owns 368,559 shares of the Wireless communications provider’s stock worth $2,020,000 after purchasing an additional 64,641 shares in the last quarter. 3.02% of the stock is owned by 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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