Nuevo Grupo Iusacell (CEL) Message Board

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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: slacker711 who wrote (48)	2/14/2000 12:47:00 PM
From: Rob Preuss	of 206

[Morgan starts CEL with "Buy" recommendation. Target: $32/sh.] Monday February 14, 12:00 pm Eastern Time RESEARCH ALERT-Nuevo Grupo Iusacell started at buy NEW YORK, Feb 14 (Reuters) - J.P. Morgan said on Monday that analyst Jose Linares started research coverage of Nuevo Grupo Iusacell (NYSE:CEL - news) with a buy rating and a $32 price target for its American Depositary Receipts. -- The company is Mexico's second largest cellular operator. Earlier Iusacell said it will offer its customers satellite telephone systems from Globalstar Telecommunications Ltd. (NasdaqNM:GSTRF - news) that use land-based CDMA technology for communications within the cellular coverage area of Iusacell. -- Iusacell's five-year compound annual earnings before interest, taxes depreciation and amortization (EBITDA) is expected to grow at 28.5 percent, excluding PCS wireless technology (Personal Communications Services), which Iusacell plans to start developing in the third quarter of 2000. -- Iusacell has been EBITDA positive since it went public. -- ADRs of the company were up 3/4 at 25 in trade on the New York Stock Exchange.

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