2024-04-10 22:14:43 ET
Summary
- Turkcell is a leading telecommunications provider in Turkey.
- Turkcell's stock has performed well, returning nearly 25% since I raised it to a buy rating in November, as it has been able to navigate the hyperinflationary environment.
- Looking forward, as long as the company continues to reprice its services at a faster pace than inflation, margins and earnings should continue to expand, driving shares higher.
In November, I upgraded my rating on Turkcell ( TKC ) to a buy, as the company had proven its ability to effectively manage its business in the face of Turkey's high inflation rate. Since my upgrade, Turkcell's stock price has performed extremely well, returning over 25% (Figure 1)....
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Turkcell: Continue To Execute On Re-Pricing Strategy