Qwest Communications (Q) (formerly QWST) Message Board

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Technology Stocks : Qwest Communications (Q) (formerly QWST)

Q 84.21

+1.0%

Dec 26 9:30 AM EST

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To: EubieV who wrote (2767)	1/26/1999 1:01:00 PM
From: David Lawrence	Read Replies (1) of 6846

More blurbs... 1/26/99 11:28 am... QWEST COMMUNICATIONS (QWST 56-7/8) DOWN 1-3/4, LEHMAN DOWNGRADES TO OUTPERFORM FROM BUY... Analyst William Garrahan tells salesforce remain very bullish on opportunity for emerging telecom, particularly QWST... However, sees high profit & loss expectations coupled with high valuation multiples providing less risk/reward upside in near term... Sees some risk in expansion of EBITDA margins from 12% to mid-20% by 4Q '99, while simultaneously integrating LCI Intl, investing in network, products, channels, intl... ---------- 1/26/99 11:27 am... QWEST COMMUNICATIONS (QWST 56-7/8) DOWN 1-3/4, LEHMAN DOWNGRADES TO OUTPERFORM FROM BUY (CONT.)... Analyst William Garrahan tells salesforce this cost-side risk is highlighted by increases in '00 capex guidance from original $800M/$900M to recent $1.3B/$1.4B... Says this indicates that cost of driving revenue growth could be higher than first anticipated... Stock trading at about 28x '99, 17x '00 EBITDA or 0.56x... Notes 0.56x is higher than historic industry levels of 0.5x./S.Trombino

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