Latest news for Turk Telekomunikasyon (OTC:TRKNF) Stock

Turk Telekomunikasyon AS is a multi-play telecommunications company that provides broadband, mobile, and TV services for companies and individuals. From a product perspective, revenue comes from mobile and broadband products, which are typically offered on a subscription basis. Within mobile, however, there is roughly an even split between postpaid and prepaid customers. Additionally, Turk Telekomunikasyon owns mobile and fiber infrastructure. The company generates the vast majority of its revenue in Turkey. The Group has two main segments; fixed line and mobile. Fixed line services are provided by Turk Telekom, TTNet, Argela, Innova, Sebit, AssisTT, TTES, TT Venture, TT Destek Hizmetleri and TTINT Group whereas mobile service is provided by TT Mobil.

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Stocks That Hit 52-Week Highs On Thursday

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Turkish Telecoms: The Next Great Investment?

TURK TELEKOMUNIKASYON ORD by Turk Telekomunikasyon

Turk Telekomunikasyon AS

Turk Telekomunikasyon

Before 10 am Thursday, 57 stocks hit new 52-week highs.

<h3>Noteworthy Points:</h3>

<ul>
	<li>eBay (NASDAQ:<a class="ticker" href="/stock/EBAYL#NASDAQ">EBAYL</a>) was the largest firm by market cap to set a new 52-week high.</li>
	<li>Gryphon Resources (OTC:<a class="ticker" href="/stock/GRYO#OTC">GRYO</a>) was the smallest company when considering market cap to set a new 52-week high</li>
	<li>CAPREIT (OTC:<a class="ticker" href="/stock/CDPYF#OTC">CDPYF</a>) was the biggest loser of the group, declining 9.21% after reaching its new 52-week high.</li>
</ul>

The following stocks set new 52-week highs during the first half-hour of trading on Thursday:

<ul>
	<li>eBay (NASDAQ:<a class="ticker" href="/stock/EBAYL#NASDAQ">EBAYL</a>) shares achieved a new 52-week high on Thursday morning, hitting $27.25 with a daily change of up 1.07%.</li>
	<li>American Water Works Co (NYSE:<a class="ticker" href="/stock/AWK#NYSE">AWK</a>) shares hit a new 52-week high of $123.49. The stock traded up 1.66% on the session.</li>
	<li>Carlsberg (OTC:<a class="ticker" href="/stock/CABGY#OTC">CABGY</a>) stock on Thursday broke to a yearly high of $29.43. Shares traded up 3.27%.</li>
	<li>Arch Capital Group (NASDAQ:<a class="ticker" href="/stock/ACGLP#NASDAQ">ACGLP</a>) shares were up 0.47% for the day, having made a 52-week high of $25.80.</li>
	<li>Arch Capital Group (NASDAQ:<a class="ticker" href="/stock/ACGLO#NASDAQ">ACGLO</a>) shares hit a yearly high of $24.85. The stock traded up 0.04% on the session.</li>
	<li>CMS Energy (NYSE:<a class="ticker" href="/stock/CMS#NYSE">CMS</a>) shares were up 1.67% for the day, having made a 52-week high of $60.77.</li>
	<li>Entergy (NYSE:<a class="ticker" href="/stock/ETR#NYSE">ETR</a>) stock on Thursday broke to a yearly high of $108.57. Shares traded up 1.87%.</li>
	<li>Sun Communities (NYSE:<a class="ticker" href="/stock/SUI#NYSE">SUI</a>) shares were up 1.29% on Thursday morning to hit a new 52-week high of $143.69.</li>
	<li>Equity Lifestyle Props (NYSE:<a class="ticker" href="/stock/ELS#NYSE">ELS</a>) shares were up 1.14% on Thursday to hit a new 52-week high of $133.66 for a change of up 1.14%.</li>
	<li>HCP (NYSE:<a class="ticker" href="/stock/HCP#NYSE">HCP</a>) stock set a new 52-week high of $34.31 Thursday morning. Over the session, the stock traded up 2.33%.</li>
	<li>JBS (OTC:<a class="ticker" href="/stock/JBSAY#OTC">JBSAY</a>) shares set a new yearly high of $14.70 this morning. The stock was up 9.4% on the session.</li>
	<li>Hitachi Chemical Co (OTC:<a class="ticker" href="/stock/HCHMY#OTC">HCHMY</a>) shares were up 3.2% on Thursday morning to hit a new 52-week high of $56.80.</li>
	<li>Idacorp (NYSE:<a class="ticker" href="/stock/IDA#NYSE">IDA</a>) stock on Thursday broke to a yearly high of $106.27. Shares traded up 1.25%.</li>
	<li>W.P. Carey (NYSE:<a class="ticker" href="/stock/WPC#NYSE">WPC</a>) shares reached a new 52-week high of $88.23 on Thursday morning, moving up 0.68%.</li>
	<li>Dunkin Brands Group (NASDAQ:<a class="ticker" href="/stock/DNKN#NASDAQ">DNKN</a>) shares achieved a new 52-week high on Thursday morning, hitting $83.23 with a daily change of up 2.22%.</li>
	<li>CAPREIT (OTC:<a class="ticker" href="/stock/CDPYF#OTC">CDPYF</a>) stock set a new 52-week high of $38.88 Thursday morning. Over the session, the stock traded up 1.71%.</li>
	<li>Portland General Electric (NYSE:<a class="ticker" href="/stock/POR#NYSE">POR</a>) shares broke to $55.99 on Thursday, setting a new 52-week high with a change of up 1.03%.</li>
	<li>Q2 Holdings (NYSE:<a class="ticker" href="/stock/QTWO#NYSE">QTWO</a>) stock set a new 52-week high of $89.73 Thursday morning. Over the session, the stock traded up 2.82%.</li>
	<li>Turk Telekomunikasyon (OTC:<a class="ticker" href="/stock/TRKNF#OTC">TRKNF</a>) shares were up 13.39% on Thursday morning to hit a new 52-week high of $0.95.</li>
	<li>Agree Realty (NYSE:<a class="ticker" href="/stock/ADC#NYSE">ADC</a>) shares hit a new 52-week high of $71.31. The stock traded up 1.15% on the session.</li>
	<li>American States Water (NYSE:<a class="ticker" href="/stock/AWR#NYSE">AWR</a>) shares set a new yearly high of $85.87 this morning. The stock was up 1.77% on the session.</li>
	<li>Tribune Media (NYSE:<a class="ticker" href="/stock/TRCO#NYSE">TRCO</a>) shares broke to a new 52-week high of $46.64 on Thursday. Shares of the company traded up 0.11%.</li>
	<li>Shake Shack (NYSE:<a class="ticker" href="/stock/SHAK#NYSE">SHAK</a>) shares hit a yearly high of $92.19. The stock traded up 3.48% on the session.</li>
	<li>Lexington Realty (NYSE:<a class="ticker" href="/stock/LXP#NYSE">LXP</a>) stock made a new 52-week high of $10.35 Thursday. The stock was up 1.75% for the day.</li>
	<li>Extra Space Storage (NYSE:<a class="ticker" href="/stock/EXR#NYSE">EXR</a>) shares were up 1.72% on Thursday to hit a new 52-week high of $119.43 for a change of up 1.72%.</li>
	<li>Universal Health Realty (NYSE:<a class="ticker" href="/stock/UHT#NYSE">UHT</a>) stock hit a yearly high price of $95.32. The stock was up 0.94% for the day.</li>
	<li>Tetragon Financial Group (OTC:<a class="ticker" href="/stock/TGONF#OTC">TGONF</a>) shares achieved a new 52-week high on Thursday morning, hitting $12.25 with a daily change of down 1.92%.</li>
	<li>James River Group Hldgs (NASDAQ:<a class="ticker" href="/stock/JRVR#NASDAQ">JRVR</a>) shares broke to a new 52-week high of $49.20 on Thursday. Shares of the company traded up 0.54%.</li>
	<li>Rexford Industrial Realty (NYSE:<a class="ticker" href="/stock/REXR#NYSE">REXR</a>) stock set a new 52-week high of $42.75 Thursday morning. Over the session, the stock traded up 1.38%.</li>
	<li>Addus HomeCare (NASDAQ:<a class="ticker" href="/stock/ADUS#NASDAQ">ADUS</a>) shares achieved a new 52-week high on Thursday morning, hitting $85.16 with a daily change of up 1.93%.</li>
	<li>Essential Props Realty (NYSE:<a class="ticker" href="/stock/EPRT#NYSE">EPRT</a>) shares hit a new 52-week high of $21.93. The stock traded up 0.44% on the session.</li>
	<li>Quantum (OTC:<a class="ticker" href="/stock/QMCO#OTC">QMCO</a>) shares hit a yearly high of $5.69. The stock traded up 5.56% on the session.</li>
	<li>Palomar Holdings (NASDAQ:<a class="ticker" href="/stock/PLMR#NASDAQ">PLMR</a>) shares broke to a new 52-week high of $34.94 on Thursday. Shares of the company traded up 1.35%.</li>
	<li>Gladstone Commercial (NASDAQ:<a class="ticker" href="/stock/GOODP#NASDAQ">GOODP</a>) shares were up 0.04% on Thursday to hit a new 52-week high of $27.70 for a change of up 0.04%.</li>
	<li>America First Multifamily (NASDAQ:<a class="ticker" href="/stock/ATAX#NASDAQ">ATAX</a>) shares set a new yearly high of $7.44 this morning. The stock was up 1.64% on the session.</li>
	<li>DRDGold (NYSE:<a class="ticker" href="/stock/DRD#NYSE">DRD</a>) shares hit a yearly high of $4.14. The stock traded up 4.71% on the session.</li>
	<li>Telenav (NASDAQ:<a class="ticker" href="/stock/TNAV#NASDAQ">TNAV</a>) stock set a new 52-week high of $10.96 Thursday morning. Over the session, the stock traded up 4.26%.</li>
	<li>United Health Products (OTC:<a class="ticker" href="/stock/UEEC#OTC">UEEC</a>) shares hit a new 52-week high of $1.86. The stock traded down 0.55% on the session.</li>
	<li>VietNam Holding (OTC:<a class="ticker" href="/stock/VNMHF#OTC">VNMHF</a>) shares were down 0.9% on Thursday morning to hit a new 52-week high of $2.20.</li>
	<li>Rada Electronics Industri (NASDAQ:<a class="ticker" href="/stock/RADA#NASDAQ">RADA</a>) shares set a new 52-week high of $4.34 on Thursday, moving down 6.54%.</li>
	<li>Freedom Holding (OTC:<a class="ticker" href="/stock/FRHC#OTC">FRHC</a>) shares broke to a new 52-week high of $12.13 on Thursday. Shares of the company traded up 1.25%.</li>
	<li>Cannara Biotech (OTC:<a class="ticker" href="/stock/LOVFF#OTC">LOVFF</a>) shares hit $0.20 on Thursday morning, setting a new 52-week high for a change of down 5.15%.</li>
	<li>Atlanticus Holdings (NASDAQ:<a class="ticker" href="/stock/ATLC#NASDAQ">ATLC</a>) stock on Thursday broke to a yearly high of $6.80. Shares traded up 3.39%.</li>
	<li>Auri (OTC:<a class="ticker" href="/stock/AURI#OTC">AURI</a>) stock made a new 52-week high of $0.02 Thursday. The stock was up 19.76% for the day.</li>
	<li>Clenergen (OTC:<a class="ticker" href="/stock/CRGE#OTC">CRGE</a>) shares broke to a new 52-week high of $0.01 on Thursday. Shares of the company traded down 9.21%.</li>
	<li>Nephros (OTC:<a class="ticker" href="/stock/NEPH#OTC">NEPH</a>) shares set a new 52-week high of $7.00 on Thursday, moving down 2.86%.</li>
	<li>ICTS International (OTC:<a class="ticker" href="/stock/ICTSF#OTC">ICTSF</a>) shares hit a yearly high of $1.11. The stock traded up 47.96% on the session.</li>
	<li>Communications Systems (NASDAQ:<a class="ticker" href="/stock/JCS#NASDAQ">JCS</a>) shares hit a new 52-week high of $4.24. The stock traded up 3.59% on the session.</li>
	<li>Precious Metals (OTC:<a class="ticker" href="/stock/PMMTF#OTC">PMMTF</a>) stock on Thursday broke to a yearly high of $1.30. Shares traded up 0.78%.</li>
	<li>Bioanalytical Systems (NASDAQ:<a class="ticker" href="/stock/BASI#NASDAQ">BASI</a>) shares broke to a new 52-week high of $2.19 on Thursday. Shares of the company traded up 2.87%.</li>
	<li>Flexpoint Sensor Systems (OTC:<a class="ticker" href="/stock/FLXT#OTC">FLXT</a>) shares hit a yearly high of $0.13. The stock traded up 1.77% on the session.</li>
	<li>Kane Biotech (OTC:<a class="ticker" href="/stock/KNBIF#OTC">KNBIF</a>) shares hit a new 52-week high of $0.11. The stock traded flat% on the session.</li>
	<li>Nevada Canyon Gold (OTC:<a class="ticker" href="/stock/NGLD#OTC">NGLD</a>) stock made a new 52-week high of $0.25 Thursday. The stock was up 80.0% for the day.</li>
	<li>Silver Grail Resources (OTC:<a class="ticker" href="/stock/SVGAF#OTC">SVGAF</a>) shares reached a new 52-week high of $0.08 on Thursday morning, moving up 20.9%.</li>
	<li>Buildablock (OTC:<a class="ticker" href="/stock/BABL#OTC">BABL</a>) shares were up 43.46% on Thursday to hit a new 52-week high of $0.001865 for a change of up 43.46%.</li>
	<li>Bonanza Goldfields (OTC:<a class="ticker" href="/stock/BONZ#OTC">BONZ</a>) stock hit a yearly high price of $0.0019. The stock was up 55.56% for the day.</li>
	<li>Gryphon Resources (OTC:<a class="ticker" href="/stock/GRYO#OTC">GRYO</a>) stock made a new 52-week high of $0.02 Thursday. The stock was up 0.62% for the day.</li>
</ul>

<ul>
	<li>
		Analysts at JP Morgan are bullish on Turkish telecom providers.</li>
	<li>
		Shares of TURK TELEKOMUNIKASYO (OTC: <a class="ticker" href="/stock/trknf#OTC">TRKNF</a>) was upgraded to Overweight while shares of Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE: <a class="ticker" href="/stock/tkc#NYSE">TKC</a>) were maintained at Overweight.</li>
	<li>
		Both investments are expected to yield a 25 percent return based on their respective price targets.</li>
</ul>

	In a report published Thursday, JP Morgan analyst Ranjan Sharma upgraded shares of Istanbul-listed Turk Telekom to Overweight from Neutral with a price target lowered to TL7.30 from a previous TL7.80, while shares of Istanbul-listed Turkcell were maintained at Overweight with a price target lowered to TL13.50 from a previous TL14.50.

	Investors can gain exposure to Turkish telecoms through the U.S. equity market. Turk Telekom trades on the OTC Market under the ticker TRKNF while Turkcell&#39;s ADR trades under the ticker TKC on the NYSE.
<h3>
	Turk Telecom</h3>

	According to Sharma, Turk Telekom is now in a position to gain a &quot;structural&quot; competitive advantage with its fixed network, TV content, mobile services, and a potential Wi-Fi strategy that supports bundling of services and cross/up-selling. The analyst expanded that the company&#39;s unique positioning stems from the launch of a satellite platform in the second quarter and its exclusive rights to now broadcast UEFA Champions League and Europa League matches.

	Sharma said Turk Telekom&#39;s recent acquisition of Avea could provide it with revenue and cost synergies. The analyst estimated that the company&#39;s use of tax losses and tax shield on spectrum amortization would result in an expected 2017 earnings per share accretion of 17 percent (for a merger in the respective year).

	Meanwhile, Turkcell is the largest spectrum bank and continued investments in networks are &quot;supportive&quot; of increasing network leadership that could drive gains in the high-value mobile customers. Sharma is expecting the company&#39;s revenue and EBITDA to grow at a three-year compounded annual growth rate of around 8 percent.

	However, Sharma pointed out that an ongoing shareholder dispute within Turkcell puts its dividend at risk. The analyst is forecasting the company&#39;s 2015 dividends will only be paid in 2017. At the same time, the analyst is expecting Turk Telekom&#39;s 2015 dividend yield to total 4 percent and increase to 9 percent next year.

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