TKC - Turkcell: Cheap And Promising Bet In A Growing Turkish Economy

• Turkcell, operating telco services in Turkey, Cyprus, Belarus and Ukraine, presented stellar Q3 2021 earnings with strong growth across the board.
• A general dislike of investing in Turkish stocks has a major adverse effect on the Turkcell share prices. Despite the strong company performance, the shares are trading near decade lows.
• Turkcell uses inflationary pricing. Next to that, the company manages the continuous Turkish lira devaluation against the US dollar by maintaining US dollar cash reserves and limiting leverage levels.
• Turkish GDP is showing substantial growth. Buying Turkcell shares at the current low prices offers a good chance of an outsized return and investors also get an attractive dividend.

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