Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.85 and traded as high as $7.31. Turkcell Iletisim Hizmetleri A.S. shares last traded at $7.31, with a volume of 348,346 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Stock Down 0.1 %

The stock’s fifty day moving average is $6.99 and its 200-day moving average is $6.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Turkcell Iletisim Hizmetleri A.S. during the third quarter valued at approximately $793,000. US Bancorp DE grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 15.2% during the third quarter. US Bancorp DE now owns 33,814 shares of the Wireless communications provider’s stock valued at $233,000 after purchasing an additional 4,462 shares during the period. Cerity Partners LLC grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 24.2% during the third quarter. Cerity Partners LLC now owns 86,760 shares of the Wireless communications provider’s stock valued at $597,000 after purchasing an additional 16,909 shares during the period. BNP Paribas Financial Markets grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 31.3% during the third quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after purchasing an additional 159,572 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Turkcell Iletisim Hizmetleri A.S. by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 6,411 shares of the Wireless communications provider’s stock valued at $44,000 after buying an additional 2,656 shares in the last quarter.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.