Standpoint Research downgrades Turkcell (TKC) to Hold

September 20, 2010 11:53 AM EDT
Get Alerts TKC Hot Sheet
Price: $7.16 +0.70%

Rating Summary:
    2 Buy, 5 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Standpoint Research downgrades Turkcell (NYSE: TKC) from Buy to Hold.

The firm comments, "We have had an open recommendation out on TKC since Q3 2008. TKC has out-performed the S&P for us since the recommendation and is + 2000 basis points versus the S&P in the last 90 days. The shares are fairly valued and should track the market going forward. Because of the recent run, we can no longer leave our highest recommendation attached to this name. We still see value here and keep a $20 price target for 2011-2012. Dividend yield is 3.5%."

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