Turkcell Iletisim Hizmetleri (TCELL) Stock Overview
Engages in establishing and operating a global system for mobile communications (GSM) network in Turkey, Belarus, Turkish Republic of Northern Cyprus, Germany, and the Netherlands. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
TCELL Community Fair Values
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Analyst Price Targets
Top Community Narratives
₺156
FV
29.0% undervalued intrinsic discount41.13%
Revenue growth p.a.
63
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Turkcell Iletisim Hizmetleri A.S. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₺110.70 |
| 52 Week High | ₺129.60 |
| 52 Week Low | ₺87.05 |
| Beta | 0.68 |
| 1 Month Change | 1.10% |
| 3 Month Change | 1.47% |
| 1 Year Change | 19.68% |
| 3 Year Change | 209.91% |
| 5 Year Change | 568.88% |
| Change since IPO | 829.58% |
Recent News & Updates
Narrative Update • Jun 06
TCELL: 5G Broadband Expansion Will Support Future Re Rating Potential
Analysts have nudged their average price target for Turkcell Iletisim Hizmetleri higher from TRY150.93 to about TRY154.57, reflecting updated assumptions that include a slightly different revenue growth outlook, a higher profit margin and an adjusted future P/E expectation. What's in the News Turkcell and ZTE/Netas signed a new collaboration agreement in fixed wireless access, positioning the ZTE/Netas 5G and Wi Fi 7 based FWA solution within the Turkcell 5G Superbox ecosystem to support Turkcell's broadband vision.
Narrative Update • May 22
TCELL: Higher Fair Value And AI Partnerships Will Support Bullish Outlook
Analysts now set a higher fair value price target for Turkcell Iletisim Hizmetleri at TRY130.00, up from TRY106.93, reflecting updated views on discount rates, revenue growth, profit margins and future price-to-earnings (P/E) assumptions. What's in the News Shareholders approved the appointment of PwC as independent auditor for 2026, covering financial statement audits and sustainability assurance under Turkish Commercial Code and Capital Markets rules (Annual General Assembly, May 7, 2026).
Narrative Update • Apr 29
TCELL: 5G And AI Partnerships Will Support Future Margin Upside
Analysts have adjusted their TRY price target for Turkcell Iletisim Hizmetleri, reflecting updated assumptions that now combine slightly lower projected revenue growth with higher expected profit margins and a reduced future P/E multiple. What's in the News Annual General Assembly for 2025 activity is scheduled for May 7, 2026, with an agenda that includes discussing and resolving a proposed amendment to article 3 of the Articles of Association, for which approvals have been obtained from the Turkish Ministry of Trade and the Capital Markets Board (Key Developments).Recent updates
Narrative Update • Jun 06
TCELL: 5G Broadband Expansion Will Support Future Re Rating Potential
Analysts have nudged their average price target for Turkcell Iletisim Hizmetleri higher from TRY150.93 to about TRY154.57, reflecting updated assumptions that include a slightly different revenue growth outlook, a higher profit margin and an adjusted future P/E expectation. What's in the News Turkcell and ZTE/Netas signed a new collaboration agreement in fixed wireless access, positioning the ZTE/Netas 5G and Wi Fi 7 based FWA solution within the Turkcell 5G Superbox ecosystem to support Turkcell's broadband vision.Narrative Update • May 22
TCELL: Higher Fair Value And AI Partnerships Will Support Bullish Outlook
Analysts now set a higher fair value price target for Turkcell Iletisim Hizmetleri at TRY130.00, up from TRY106.93, reflecting updated views on discount rates, revenue growth, profit margins and future price-to-earnings (P/E) assumptions. What's in the News Shareholders approved the appointment of PwC as independent auditor for 2026, covering financial statement audits and sustainability assurance under Turkish Commercial Code and Capital Markets rules (Annual General Assembly, May 7, 2026).Narrative Update • Apr 29
TCELL: 5G And AI Partnerships Will Support Future Margin Upside
Analysts have adjusted their TRY price target for Turkcell Iletisim Hizmetleri, reflecting updated assumptions that now combine slightly lower projected revenue growth with higher expected profit margins and a reduced future P/E multiple. What's in the News Annual General Assembly for 2025 activity is scheduled for May 7, 2026, with an agenda that includes discussing and resolving a proposed amendment to article 3 of the Articles of Association, for which approvals have been obtained from the Turkish Ministry of Trade and the Capital Markets Board (Key Developments).Narrative Update • Apr 14
TCELL: 5G And AI Agreements Will Support Future Earnings Upside
Analysts have set their price target on Turkcell Iletisim Hizmetleri at TRY174.4, keeping it unchanged while refining assumptions around revenue growth, profit margin and future P/E expectations to reflect updated views on the company’s earnings profile. What's in the News Turkcell has called its 2025 Annual General Assembly Meeting for May 7, 2026, with plans to discuss and potentially approve an amendment to article 3 of its Articles of Association, after receiving required permits from the Turkish Ministry of Trade and the Capital Markets Board (Key Developments).Narrative Update • Mar 31
TCELL: 5G And AI Partnerships Will Support Future Earnings Upside
Analysts have maintained their TRY 174.40 price target for Turkcell Iletisim Hizmetleri, citing adjusted assumptions around revenue growth, profitability and forward P/E that they view as better reflecting the company’s current risk and return profile. What's in the News Turkcell has called its 2025 Annual General Assembly Meeting for May 7, 2026, with plans to discuss and resolve a proposed amendment to article 3 of its Articles of Association, following approvals from the Turkish Ministry of Trade and the Capital Markets Board (Key Developments).Narrative Update • Mar 17
TCELL: 5G And Cloud Initiatives Will Support Future Re Rating Potential
The consensus analyst price target for Turkcell Iletisim Hizmetleri has shifted from TRY147.98 to TRY150.93. Analysts attribute this change to updated fair value estimates that incorporate revised expectations for revenue growth, profit margins, and future P/E assumptions.Narrative Update • Mar 03
TCELL: Licensing Amendments Will Support Future Re Rating Potential
Analysts have maintained their TRY147.98 price target for Turkcell Iletisim Hizmetleri, reflecting consistent assumptions on fair value, discount rate, growth and profitability in their latest update. What's in the News Capital Markets Board approved Turkcell Iletisim Hizmetleri A.S.'s application for amendments to its Articles of Association submitted on February 11, 2026, relating to its licensing and authorization framework for GSM and IMT services, including IMT 2000/UMTS infrastructure and services (Key Developments).Narrative Update • Feb 17
TCELL: Governance Amendments Will Support Future Re-Rating Potential
Analysts have lifted their Turkcell Iletisim Hizmetleri price target from TRY141.78 to TRY147.98, citing updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News The Board of Directors decided to pursue amendments to Turkcell Iletisim Hizmetleri A.S.'s Articles of Association, aligning them with the Capital Markets Law, the Turkish Commercial Code, and related legislation (Key Developments).Narrative Update • Feb 03
TCELL: New Cloud Partnership Will Support Long-Term Earnings Upside
Analysts have nudged their fair value estimate for Turkcell Iletisim Hizmetleri higher from 171.0 to 174.4, citing slightly stronger projected revenue growth of about 40.6%, a modestly higher profit margin near 9.9%, and a small adjustment in the assumed future P/E multiple to roughly 16.2x. What's in the News Board of Directors plans to seek approvals from the Capital Markets Board and the Ministry of Trade to amend Turkcell Iletisim Hizmetleri A.S.'s Articles of Association, with final approval subject to the General Assembly (company filing).Narrative Update • Jan 19
TCELL: Cloud Partnership And Guidance Update Will Shape Balanced Outlook
Analysts have trimmed their fair value estimate for Turkcell Iletisim Hizmetleri from 110.50 to 106.93, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News The Board of Directors plans to seek approvals from the Capital Markets Board and the Ministry of Trade to amend the Articles of Association, with final approval subject to the General Assembly (Key Developments).Narrative Update • Jan 05
TCELL: Expanded 5G Spectrum Will Drive Long-Term Earnings Upside
Analysts have modestly raised their price target on Turkcell Iletisim Hizmetleri to $171.00 from $171.00, reflecting expectations for faster top line expansion, despite a more conservative view on profitability and a higher forward earnings multiple. What's in the News The Board of Directors has initiated a process to amend the Articles of Association.Narrative Update • Dec 17
TCELL: Expanded 5G Spectrum Portfolio Will Support Long-Term Earnings Power
Analysts have trimmed their price target for Turkcell Iletisim Hizmetleri from approximately $189.46 to $171.00, citing expectations of stronger top line growth, offset by lower projected profit margins and a slightly higher discount rate. What's in the News Turkcell entered a major strategic partnership with Google Cloud to launch a new cloud region in Turkiye, boosting its data center and cloud capabilities and positioning the country as a regional hub for digital innovation (Key Developments).Narrative Update • Dec 03
TCELL: New Cloud Region And 5G Spectrum Will Drive Long-Term Upside
Narrative Update on Turkcell Iletisim Hizmetleri Analysts have maintained their price target for Turkcell Iletisim Hizmetleri at approximately TRY 141.78, as slightly stronger long term revenue growth expectations offset modest pressure on forecast profit margins and a marginally higher future P E multiple. What's in the News Turkcell formed a major strategic partnership with Google Cloud to launch a new cloud region in Turkiye, significantly expanding its data center capacity and positioning the country as a regional hub for digital and AI innovation (Key Developments).Narrative Update • Nov 19
TCELL: Cloud Expansion Will Drive AI Opportunities in Turkish Market
Narrative Update on Turkcell Iletisim Hizmetleri Analysts have revised their price target for Turkcell Iletisim Hizmetleri slightly downward to approximately ₺141.78 from ₺144.36. They cite changes in projected margins and a modest increase in the discount rate as key factors in their updated assessment.
New Narrative • Dec 05
AI-Driven Cloud Expansion And Paycell's Growth Will Boost Earnings And Enhance Margins
Expansion in data center, cloud services, and Techfin segment, especially through Paycell, is expected to boost revenue and earnings growth.Shareholder Returns
| TCELL | TR Wireless Telecom | TR Market | |
|---|---|---|---|
| 7D | 5.3% | -3.3% | 0.8% |
| 1Y | 19.7% | 22.0% | 52.0% |
Return vs Industry: TCELL underperformed the TR Wireless Telecom industry which returned 22% over the past year.
Return vs Market: TCELL underperformed the TR Market which returned 52% over the past year.
Price Volatility
| TCELL volatility | |
|---|---|
| TCELL Average Weekly Movement | 5.3% |
| Wireless Telecom Industry Average Movement | 3.7% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in TR Market | 10.7% |
| 10% least volatile stocks in TR Market | 4.9% |
Stable Share Price: TCELL has not had significant price volatility in the past 3 months compared to the TR market.
Volatility Over Time: TCELL's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | Ali Koc | www.turkcell.com.tr |
Turkcell Iletisim Hizmetleri A.S., together with its subsidiaries, engages in establishing and operating a global system for mobile communications (GSM) network in Turkey, Belarus, Turkish Republic of Northern Cyprus, Germany, and the Netherlands. It operates through the Turkcell Turkiye, Turkcell International, and Techfin segments. The company is involved in information technology, value added GSM, and entertainment investment, as well as research and development, digital and insurance agency, property investments, electricity energy trade, and wholesale and retail electricity sales activities.
Turkcell Iletisim Hizmetleri A.S. Fundamentals Summary
| TCELL fundamental statistics | |
|---|---|
| Market cap | ₺240.93b |
| Earnings (TTM) | ₺18.39b |
| Revenue (TTM) | ₺247.08b |
13.1x
P/E Ratio1.0x
P/S RatioIs TCELL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TCELL income statement (TTM) | |
|---|---|
| Revenue | ₺247.08b |
| Cost of Revenue | ₺177.77b |
| Gross Profit | ₺69.31b |
| Other Expenses | ₺50.92b |
| Earnings | ₺18.39b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 8.45 |
| Gross Margin | 28.05% |
| Net Profit Margin | 7.44% |
| Debt/Equity Ratio | 65.4% |
How did TCELL perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield57%
Payout RatioDoes TCELL pay a reliable dividends?
See TCELL dividend history and benchmarks| Turkcell Iletisim Hizmetleri dividend dates | |
|---|---|
| Ex Dividend Date | Dec 09 2026 |
| Dividend Pay Date | Dec 11 2026 |
| Days until Ex dividend | 177 days |
| Days until Dividend pay date | 179 days |
Does TCELL pay a reliable dividends?
See TCELL dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 00:59 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Turkcell Iletisim Hizmetleri A.S. is covered by 36 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tibor Bokor | Arqaam Capital Research Offshore S.A.L. |
| null null | Ata Invest |
| Sanvir Dhillon | Barclays |