Turkcell Double-Upgraded to Buy on 2017 Growth Expectations: UBS
Source: BFW (Bloomberg First Word)
Tickers
TCELL TI (Turkcell Iletisim Hizmetleri AS)
People
Roman Arbuzov (UBS Securities LLC)
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UUID: 7947283
(Bloomberg) -- Turkcell upgraded to buy from sell by UBS on “growth/cashflow acceleration” in 2017 and balance sheet strength, analyst Roman Arbuzov writes in e-mailed research note dated yesterday.
Alert: HALISTER1- Estimates 19% Ebitda growth in 2017 and lower capital expenditure, sees healthy cashflow generation in 2017
- Sees valuation at 4.5x EV/Ebitda, “cheap” vs company’s historical value
- Expects equity free cash flow of 1.7b liras in 2017, 2.3b liras in 2018
- Says acceleration of growth in 2017 is not priced in
- Limited FX exposure seen as “key strength” amid currency volatility
- PT raised to 11.8 liras vs 9.5 liras
Source: BFW (Bloomberg First Word)
Tickers
TCELL TI (Turkcell Iletisim Hizmetleri AS)
People
Roman Arbuzov (UBS Securities LLC)
To de-activate this alert, click here
UUID: 7947283