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Technology Stocks : UMG - MediaOne Group

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To: IKM who wrote ()12/18/1998 4:14:00 PM
From: Dan Bane  Read Replies (1) of 891
 
Mediaone raised

December 18, 1998 09:00 AM
Morgan Stanley Dean Witter analyst Richard Bilotti said Friday he raised MediaOne Group Inc UMG to an outperform from a neutral rating.

MediaOne's cable operations trade at 10.7 times EV/EBITDA, versus a multiple of 12-13 for the rest of the industry.

-- MediaOne said that 1999 to 2000 growth could be lower than expected.

-- Bilotti's year-end 1999 price target is $48.
-- Shares up 1-15/16 at 42-7/16 on Friday morning.
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