Morgan Stanley Remains Confident In Turkcell
In a report published Thursday, Morgan Stanley analyst Edward Hill-Wood reiterated an Overweight rating and $16.70 price target on Turkcell (NYSE: TKC).
In the report, Morgan Stanley noted, “Turkcell delivered a very strong set of numbers despite competition concerns. 2Q14 revenues and EBITDA (adjusted for one-offs) were 1.2% and 4.5% above consensus expectations.”
Turkcell closed on Wednesday at $15.70.
Latest Ratings for TKC
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2017 | Deutsche Bank | Upgrades | Hold | Buy |
| Apr 2016 | JP Morgan | Downgrades | Overweight | Neutral |
| Sep 2015 | JP Morgan | Upgrades | Neutral | Overweight |
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Posted-In: Edward Hill-Wood Morgan StanleyAnalyst Color Reiteration Analyst Ratings
