11 Best Communication and Media Stocks to Buy According to Analysts

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6. Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Average Price Target Upside Potential According to Analysts: 37.08%

Number of Hedge Fund Holders: 4

Turkcell Iletisim Hizmetleri AS (NYSE:TKC), or simply Turkcell, is a major mobile phone operator and telecommunication and technology services provider based in Turkey. The company provides voice, data, TV, and value-added consumer and enterprise services on mobile and fixed networks. Turkcell Iletisim Hizmetleri AS (NYSE:TKC) also has investments abroad and with its wide coverage area and diverse range of services, it serves customers in Turkey and around the world.

The company is focused on efforts to expand its subscriber base while also divesting less profitable and non-core assets. In Q3 2024, Turkcell Iletisim Hizmetleri AS (NYSE:TKC) reported impressive growth in its Turkey subscriber base with 322,000 net additions. Overall, the company added a net of 515,000 postpaid subscribers, bringing the total net additions for the last 12 months to 1.9 million. The company’s postpaid subscriber base now represents 74% of its total subscriber base.

In September 2024, Turkcell Iletisim Hizmetleri AS (NYSE:TKC) completed the divestment of its assets in Ukraine to create shareholder value and improve the company’s financial standing. Turkcell Iletisim Hizmetleri AS (NYSE:TKC) no longer holds any shares, rights, or liabilities in Lifecell LLC, LLC Global Bilgi, and LLC Ukrtower operating in Ukraine. Following this move, the company’s cash position increased to TRY 82 billion.

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