|
notbremse: -------------------------------------snip--------------------------------------- LONDON, Aug 22 (Reuters) - Goldman Sachs said on Tuesday it initiated coverage of Turkish mobile phone operator Turkcell with a "market outperformer" rating and a $19 price target for the American Depositary Receipts. Goldman Sachs, which along with Morgan Stanley Dean Witter served as joint global coordinator for Turkcell`s June initial public offering , said Turkcell`s subscriber growth prospects looked strong, but its average revenue per user (ARPU) would likely come in lower than expected. "Subscriber growth is being driven by pre-paid customers to a greater extent than we had expected, and these pre-paid customers are generating lower than expected ARPUs," Goldman said in a research note. "We are now forecasting a pre-paid ARPU of $10.2 for 2000, down from a reported $11.5 in the first half," Goldman said. Morgan Stanley last week initiated coverage of Turkcell with an "outperform" rating and a $19 per share price target. The ADRs closed on Monday at $14-6/16 on the New York Stock Exchange. The stock was trading down 2.6 percent in Istanbul. REUTERS Rtr 07:36 08-22-00 -------------------------------------snap--------------------------------------- http://www.dljdirect.com/cgi/inet/qndigest.trn?research_cde=… |
|
| aus der Diskussion: | Jetzt in TURKCELL einsteigen??? |
| Autor (Datum des Eintrages): | tomoffel (28.08.00 17:28:31) |
| Beitrag: | 40 von 40 (ID:1679114) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |