GTE Message Board - Msg: 12548784

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GTE

GTE 3.710

-0.9%

Oct 30 3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gypsees who wrote (662)	1/12/2000 12:32:00 PM
From: Rob Preuss	Read Replies (1) of 671

[GTE cut to "attractive" from "buy". Price Target: $79.] Wednesday January 12, 12:00 pm Eastern Time RESEARCH ALERT - PaineWebber cuts 3 telecoms NEW YORK, Jan 12 (Reuters) - PaineWebber on Wednesday said it cut its investment rating of three telecommunications companies to attractive from buy and cut their price targets. -- The price target for SBC Communications Inc. (NYSE:SBC - news) was cut to $51 from $58. Shares of were trading down 1-3/4 at 42-3/8 in trade on the New York Stock Exchange. -- The target for Bell Atlantic Corp. (NYSE:BEL - news) was cut to $66 from $75. Shares were down 3/8 at 57-1/4 in trade on the New York Stock Exchange. -- The target for GTE Corp. (NYSE:GTE - news) was cut to $79 from $86. Shares were down 11/16 at 66-5/8 in trade on the New York Stock Exchange. -- Analyst Eric Strumingher said concerns over additional downward revisions to voice revenue growth estimates in long distance and pressures on operating margins due to dilutive investments and spending on customer acquisitions will hurt the companies, at least until first half results are seen or the stock has a more dominant investment theme.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next