![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Turkcell Stays a Hold Near-Term
Zacks Market Commentaries (August 15th, 2008) Writes:
Turkcell Iletisim Hizmetleri A.S. (TKC) missed our estimates in terms of revenue and earnings for first quarter of 2008 although we were delighted to see operating expenses being much lower than our estimates.
The stock is trading at 8.3x our newly-lowered 2008 EPADS estimate and 6.4x our new 2009 EPADS estimate, which represents a hefty discount to the average of European wireless carriers. While the companys growth prospects are solid, more so due to award of 3G license to its 100% subsidiary Kibris Mobile Telekomunikasyon Ltd. Sti (KKTCell) and we have adjusted our 2008 revenue estimates slightly downwards along with our earnings estimates.
The companys expansion in other regions has led to an increased debt level. However, the economic stability in Turkey has become more uncertain as the country is in skirmishes with the Iraqi border, upsetting the US and Europe and the expected high level of inflation in
...3g, Europe, Kibris Mobile Telekomunikasyon Ltd, Market Commentary, Stocks to Watch, Syria, Turkcell Iletisim Hizmetleri A.S., Turkey, United States, USD, wireless carriers
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.