Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.571

-12.7%

Dec 17 3:59 PM EST

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To: Lala Pri who wrote (245)	9/12/1997 12:12:00 PM
From: Steve Fancy	of 22640

Yep, I'm back in SEP 130C. Here's the press release. sf ============================================================ RESEARCH ALERT - Telebras (NYSE:TBR) upgraded Reuters, Friday, September 12, 1997 at 09:08 NEW YORK, Sept 12 (Reuter) - Smith Barney said on Friday it upgraded its rating on shares of Brazilian telecommunications company Telebras to buy from outperform. -- Analyst Peter Treadway said in a research note a recent selloff in Telebras shares created a buying opportunity. -- Treadway said conversations with sources in Brazil caused him to believe the government there was completely dedicated to staying on its privatization schedule. -- "The major catalyst for enhancement of Telebras' value remains in place -- ie, that Telebras will be privatized in the second quarter 1998," he said. -- Shares closed at 124-6/16 in New York. Copyright 1997, Reuters News Service

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