TMX ready to take-off? Message Board

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Non-Tech : TMX ready to take-off?

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To: Dean Wolf who wrote (41)	11/5/1997 10:10:00 AM
From: Dean Wolf	Read Replies (2) of 92

* UBS Securities raised its rating on shares of TELEFONOS DE MEXICO to buy from hold with a $55 per share price target. Analyst Mickey Schleien said in a research note he raised his 1997 earnings estimate to $3.70 per ADR from $3.47 per ADR but lowered his 1998 estimate to $3.56 per ADR from $3.79 per ADR. "Although we expect earnings per share to decrease from 1997 to 1998 due to peso weakness, EBITDA per share and cash flow per share are expected to increase 13% and 10% respectively," he said. UBS said comfortable with outlook for Mexican economy and peso in particular. Telmex is holding its own against tough long distance competitors, he said. Balance sheet is strong and company well-positioned regarding currency volatility.. (Reuters 11:13 AM ET 11/04/97)

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