Standpoint Research downgrades Turkcell (TKC) to Hold
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Price: $15.87 +1.08%
Rating Summary:
4 Buy, 2 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
4 Buy, 2 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade TKC Now!
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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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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Standard & Poor's, Dividend, Standpoint Research
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