Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.517

-9.2%

Dec 29 3:59 PM EST

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To: Steve Fancy who wrote (9063)	10/20/1998 2:04:00 PM
From: Steve Fancy	Read Replies (7) of 22640

RESEARCH ALERT - Brazil phone companies started Reuters, Tuesday, October 20, 1998 at 13:45 SAO PAULO, Oct 20 (Reuters) - Morgan Stanley Dean Witter said Tuesday it initiated coverage of four new Brazilian wireline phone companies which resulted from the July split and privatization of Telebras. -- Telesp Participacoes (SAO:TLPP4) was assigned a "strong buy" rating by analysts Luiz Carvalho, Vera Rossi and Josh Milberg. The Sao Paulo operator is the most attractive because of high growth potential and the experience of new owners, Spain's Telefonica de Espana SA (MADRID:TEF), they said. -- Long-distance carrier Embratel (SAO:EBTP4) and Tele Norte Leste (SAO:TNLP4) were assigned "outperform" ratings. Embratel has short-term potential due to lack of competition, while Tele Norte Leste has high growth potential and has fallen to an attractive price, the analysts said. -- Tele Centro Sul (SAO:TCSP4) was assigned a "neutral" rating because the stock is already fairly valued, according to Morgan Stanley. shasta.darlington@reuters.com)) Copyright 1998, Reuters News Service

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