Analyst Cesar Tiron of Bank of America Securities reiterated a Buy rating on Turkcell Iletisim, with a price target of $7.56.
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Cesar Tiron has given his Buy rating due to a combination of factors including Turkcell’s strong financial performance and strategic positioning. The company is expected to deliver robust results in the third quarter of 2025, with an 11% real-term growth and a solid EBITDA margin of 43.5%. This performance is supported by operating leverage and a shift of some expenses into the fourth quarter, indicating resilience despite the challenges of decelerating inflation and competitive pressures in the mobile sector.
Cesar Tiron also highlights the attractive valuation of Turkcell’s stock, which appears undervalued at a 6x 2026 estimated P/E ratio, reflecting the country risk. The recent 5G spectrum acquisition, where Turkcell secured a significant frequency band, further strengthens its market position and growth prospects. Although there are minor adjustments to revenue and EBITDA forecasts for 2025 and 2026, the overall outlook remains positive, justifying the Buy rating.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $6.50 price target.