Turkcell Q2 Earnings Preview: Business Is Overvalued (Rating Downgrade)

l E t T l r Caner CIFTCI I am updating my ongoing analysis on Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) in advance of Q2 2024 earnings, which will be released post-market on August 15th. I previously rated Turkcell a hold for the following reasons: Inflation had started ticking up again putting margin at risk Cost management and pricing levers had largely been pulled DCF generated price target of $6.20-$6.70 suggested stock was fairly priced with balanced upside potential and downside risk Since then, Tu ...