Turkcell Iletisim Hizmetleri AS (TKC) Stock

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Ozlem Yardim - Investor Relations & Corporate Finance Director Ali Taha Koc - Chief Executive Officer Kamil Kalyon - Chief Financial Officer Conference Call Participants Bystrova Evgeniya - Barclays Cemal Demirtas - Ata Investment Madhvendra Singh - HSBC Operator Ladies and gentlemen, thank you for standing by.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC ) Q2 2024 Earnings Conference Call September 12, 2024 1:00 PM ET Company Participants Ozlem Yardim - Investor Relations and Corporate Finance Director Ali Taha Koc - Chief Executive Officer Kamil Kalyon - Chief Financial Officer Conference Call Participants Cesar Tiron - Bank of America Mandaci Ece - UNLU Securities Singh Madhvendra - HSBC Campos Gustavo - Jefferies Bystrova Evgeniya - Barclays Operator Ladies and gentlemen, thank you for standing by.

Turkcell's earnings are expected to be up sequentially and year-over-year, pacing the company in line with, or ahead of guidance. Macro factors continue to be a headwind for the business and following a run-up in price, I believe the business is overvalued. At a price target of $7.00 I lower my rating to sell.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC ) Q1 2024 Earnings Conference Call May 27, 2024 1:00 PM ET Company Participants Ozlem Yardim - Investor Relations and Corporate Finance Director Ali Taha Koc - Chief Executive Officer Kamil Kalyon - Chief Financial Officer Conference Call Participants Tiron Cesar - Bank of America Ignebekçili Murat - HSBC Demirtas Cemal - Ata Invest Mandaci Ece - UNLU Securities Operator Ladies and gentlemen, thank you for standing by.

Turkcell is a top telecommunications provider in Turkey. Since I upgraded it to a buy rating in November, its stock has done well, increasing by around 25% due to its successful management of hyperinflation. If Turkcell keeps adjusting its prices faster than inflation, its profits and margins are likely to grow, leading to further share price appreciation.

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.

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.