Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

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To: Steve Fancy who wrote (239)	9/9/1997 11:28:00 AM
From: chirodoc	of 22640

NEW YORK, Sept 8 (Reuter) - Societe Generale Securities analyst Jose Linares started coverage of Brazilian telephone holding Telebras SA (TEL.SA) (TEL_P.SA) Monday with a rating of buy. He set a 12-month price target of $180 per American Depositary Receipt (ADR). ``Telebras is primarily a privatization play, as the Brazilian government is moving at full steam to privatize and deregulate the Brazilian telecommunications sector,'' Linares wrote in a report. ``... Telebras is the cheapest Latin American telecommunications company and one of the least expensive telecoms on a global basis.''

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