Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Turkcell Iletisim Hizmet AS (NYSE: TKC) fell significantly during the last several trading days. TKC’s current Value Trend Rating is C and the prior Rating was A. Details supporting this lower rating are included in our next report.
Recent Price Action
Turkcell Iletisim Hizmet AS (NYSE: TKC) stock enjoyed a very large increase of 5.9% on 5/31/24. The shares closed at $7.67. Moreover, this advance was accompanied by exceptionally high trading volume at 242% of normal. The stock has risen 8.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TKC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Turkcell Iletisim Hizmet AS has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Turkcell Iletisim Hizmet AS has a slightly negative Appreciation Score of 36 but a very high Power Rating of 86, and the High Neutral Value Trend Rating results.
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