Turkcell Iletisim Hizmetleri AS (NYSE:TKC) is among the The best undervalued European stocks to buy now.. On January 12, BofA Securities cut the price target on Turkcell Iletisim Hizmetleri AS (NYSE:TKC) to TRY 126.40, while maintaining a Buy rating on the telecom company. The company expects Turkcell’s revenue to increase approximately 7% excluding inflation in 2026, with strong margins of 43%.
BofA sees the commercial introduction of 5G in April 2026 as a potential catalyst for the company’s performance. The firm also emphasized Turkcell’s unique presence in data centers, which is expected to contribute around 10% of revenue in the next five years.
Another bright spot mentioned by BofA was the company’s financial position, which is expected to be 0.9 times net debt/EBITDA in 2026. According to the company, Turkcell’s level of leverage and its modest net foreign exchange exposure could allow it to maintain a 50% dividend payout ratio.
Turkcell Iletisim Hizmetleri AS (NYSE:TKC) is a Turkish provider of converged technology and telecommunications services. The company’s core offerings include tower and satellite services, fixed data services, international roaming services and voice services.
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Disclosure: None. This article was originally published in Internal jumpsuit.