News Column

Turkey : ISI lifts TKC's Shares

July 4, 2014

ISI Group announced that it has raised shares of Turkcell Iletisim (TKC) from a hold rating to acquisition rating.

Turkcell Iletisim Hizmetleri AS (TKC) has been upgraded by TheStreet Ratings from hold to buy. The company s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income., the firm s analyst commented.

On 1 July, Shares of Turkcell Iletisim (TKC) opened and it has 52 week low of $11.72 and a 52 week high of $16.31.

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Source: TendersInfo (India)

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