Business Services Industry
DB Securities Starts RBOC Coverage
Communications Today, Nov 25, 2002
DB Securities Friday initiated coverage of the Regional Bell Operating Companies. The firm rated BellSouth [BLS] a "hold," SBC Communications [SBC] a "buy," and Verizon Communications [VZ] a "sell." DB Securities called SBC a "great value" and BellSouth a "quality operator but fairly valued." It expects Verizon to post declining earnings through 2003-04.
[Copyright 2002 PBI Media, LLC. All rights reserved.]
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