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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 79.70+0.8%Dec 19 9:30 AM EST
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To: Bill Fortier who wrote (1628)6/26/1998 12:45:00 PM
From: professor  Read Replies (2) of 6846
 
JP Morgan has initiated coverage of Qwest with a Buy rating. They have a target of $40 by year end. They say the stock itrading at only 14 times 1999 EBITDA which is reasonable becuase they have a 32% EBITDA growth rate for several years. Qwest will have an estimated $2.2 billion revenues in 1998 which represents 2% of the l.d. US market. They forecast that revenues will grow an avg of 20% per year through 2002, exceed industry growth of 6-8%.

This is great news. Let's watch the stock appreciate some more!
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