Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.372

-8.1%

Feb 5 3:57 PM EST

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To: TOPSID877 who wrote (1597)	4/13/1998 12:09:00 PM
From: DMaA	Read Replies (1) of 22640

On Santander upgrade from Dow Jones: Santander Upgrades Brazil Telebras To 'Strong Buy' NEW YORK (Dow Jones)--Santander Investment revised its recommendation Monday on Brazilian telecomunications companies Telecomunicacoes Brasileiras SA (Telebras), Telecomunicacoes do Rio de Janeiro (E.TRJ), or Telerj, and Telecomunicacoes de Minas Gerais (E.TMG), known as Telemig. In a report, analysts Leslie Marcus and Sergio Goldman upgraded Telebras to 'strong buy', from 'buy'; raised Telerj to 'buy' from 'market perform' and lowered Telemig to 'market perform,' from 'buy.' Telebras 12-month target remains at $180, a 42.6% implicit upside, while Telerj's target price of $173 represents a 30.2% return, and Telemig's $203 target price implies a 25.7% upside, the report said.

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