MGC Communications, Inc. (MGCX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MGC Communications, Inc. (MGCX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tony Ferracane who wrote (7)	4/8/1999 11:06:00 AM
From: DanielleC	Read Replies (1) of 61

We're going to $90 friends! RESEARCH ALERT - MGC Comms <MGCX.O> target raised NEW YORK, April 8 (Reuters) - ING Barings Furman Selz analyst Todd Scott raised his price target for MGC Communications Inc. Thursday to $90 from $27. In a statement, ING Barings said the telephone company's valuation "is likely to be more in line with, and maintain a 25 percent discount to, those comparable data CLECs (competitive local exchange carriers). "MGC is refocusing its business plan and is expected to meet several xDSL (digital subscriber lines) milestones over the next six months." MGC's shares were up 10-1/2 to 31-3/4. 10:33 04-08-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next