Cheers for BT Concert
Article Abstract:
British Telecommunications (BT) has seen a rise in its share price following the announcement of a planned merger with MCI Communications. Four brokers from a sample of six rate the company's shares a buy, and two rate them a hold. The buyers include BZW which sees growth in earnings per share and dividends as likely to be boosted by the deal. Greig Middleton, Yamaichi and NatWest Securities are the other buyers. ABN-AMRO Hoare Govett rates the shares a hold and is concerned about regulatory issues, while Salomon Brothers is also a holder and sees BT shares as fully valued.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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BT: long and short views
Article Abstract:
British Telecommunications (BT) plans to invest in expansion and pessimists are concerned about the impact on the company's finances, while optimists favor the investment. The company has acquired a 25% stake in Cegetel, a mobile phone concern from France. Stockbrokers are divided on the impact of the acquisition on the company's share price. Brokers rating BT shares a buy include Robert Fleming, while Merrill Lynch rates the shares a sell and Credit Lyonnais rates the shares a hold.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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