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Turkcell Iletisim (TKC) Message Board

  • dcxavier dcxavier Feb 22, 2010 8:10 AM Flag

    GS downgrades to Sell

    Goldman Sachs Downgrades Turkcell (TKC) Two-Notches to Sell

    February 22, 2010 7:51 AM EST

    Goldman Sachs downgrades Turkcell (NYSE: TKC) from Buy to Sell after the Turkish telecom regulator announced a c.50% reduction of mobile termination rates (MTRs) to the lowest level in the region.

    The firm said this news increases the risk of pricing instability in the market as "lower MTRs make it easier for small operators to compete with an incumbent."

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    • I read that too. But that does not warrant the 25% that has occurred over the last two months.

      I think there might be something more than this. Could this stock also be kicked in the shins because Turkey is so close to Greece and the Greek economy may collapse? Regional instability may have a knock on effect.

9.55+0.11(+1.17%)Oct 8 4:02 PMEDT