TKC Stock Recent News

This bull market has been quite selective, with a bifurcation building in the market. Mega-cap technology stocks have outperformed, with many cheap stocks still seeing relative underperformance in terms of the proportionate share of market gains seen in recent months.

Turkcell has successfully managed its business in the face of high and persistent inflation in Turkey. The company's Q3/2023 financial results showed revenue growth exceeding inflation, leading to margin expansion and a surge in earnings. Turkcell's valuation appears cheap compared to the Communications Sector, but macro risks in the Turkish economy remain.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC ) Q3 2023 Results Conference Call November 7, 2023 12:00 PM ET Company Participants Ozlem Yardim - IR Ali Taha Koc - CEO Kamil Kalyon - CFO Conference Call Participants Kayahan Demirak - AK Investment Nagy Nora - Erste Group Bank AG Murat Ignebekçili - HSBC Operator Ladies and gentlemen, thank you for standing by.

Tecnoglass (TGLS), Amphastar Pharmaceuticals (AMPH), Turkcell Iletisim Hizmetleri (TKC) and Copa Holdings (CPA) have been selected as the top picks with a high net income ratio.

Turkcell Iletisim Hizmetleri A.S. is a wireless communications provider from Turkey that has been impacted by runaway inflation and a weakening Turkish Lira. Despite inflation, Turkcell has continued to grow and outpace the competition, with revenue beating earnings estimates and outpacing inflation in Q1 2023.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC ) Q1 2023 Earnings Conference Call May 9, 2023 1:00 PM ET Company Participants Ali Serdar Yağcı - Investor Relations & Corporate Finance Director Murat Erkan - Chief Executive Officer Kamil Kalyon - Acting Chief Financial Officer Conference Call Participants Kennedy-Good Jonathan - JPMorgan Mandaci Ece - Unlu Securities Demirtas Cermal - Ata Invest Operator Ladies and gentlemen, thank you for standing by.

Turkcell Iletisim Hizmetleri AS (TKC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Turkcell is one of the largest telecommunications provider in Turkey with a commanding position in mobile. The company saw 57% YoY growth in revenues in Q3/22.

Turkcell reported strong 3Q 2022 financial results and I expect its 4Q 2022 results to be strong too. The company's liquidity and leverage ratios indicate its healthy conditions to handle potential risks in the future.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Turkcell Iletisim Hizmetleri AS (TKC) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.