"We are more bullish than ever" on Turkcell (TKC), IS Investment effuses. The court decision...

|About: Turkcell Iletisim Hizme... (TKC)|By:, SA News Editor

"We are more bullish than ever" on Turkcell (TKC), IS Investment effuses. The court decision favoring Cukurova means Altimo will fail in its bid to become TKC's majority shareholder (providing Cukurova makes its payment to Altimo), and makes a dividend - frozen since 2011 - imminent. Triple dividend yield for 2013 could fall between 12% and 16%, and strong fundamentals offer shareholders another 18% upside, firm says.