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BTM.N

ISIN: US10553M1018
SEDOL: 2822031

Rating:

HOLD

Target Price:

16.92 USD

Investment Horizon:

6 to 12 months
15th May 2009 View Report   Download

1Q 09 News Alert

Brasil Telecom (BTM) reported weak 1Q 09 net revenues, which fell short of our expectations. Strong performance in the Data Transmission segment partially offset weak revenues from Local services and Public Telephony in the Wireless segment. Significantly high operating expenses dragged down operating profitability and earnings. Although we expect the company to benefit from its integration with Telemar Norte Leste S.A under the brand…

8th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

The telecom industry has been witnessing a switchover from fixed-line to mobile usage, leaving the wireline market with bleak prospects. We expect this scenario to continue with companies laying more emphasis on improving wireless technologies. BTM currently garners the majority of its revenues from the fixed-line segment. However we expect the company’s Broadband services and Mobile telephony segment to continue to boost growth going forward....

11th Feb 2009 View Report   Download

4Q 08 & FY 2008 News Alert

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Brasil Telecom (BTM) 4Q 08 net revenues were below our and market expectations. Increasing wireline to wireless migration and a saturated wireline market have resulted in weak performances from the Public Telephony and Long Distance segments during the quarter. However, this was partially limited by moderate growth in revenues from the Local…

22nd Dec 2008 View Report   Download

Company News Alert

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Brasil Telecom S.A.’s (BTM) preferred stock was rated a BUY in our update report dated 03 November 2008. Since then the stock has appreciated 19.3%, significantly outperforming the domestic index. As current levels do not support a BUY, we downgrade our rating to a HOLD. We maintain our SELL rating as we anticipate a significant negative currency impact over the medium term....

22nd Dec 2008 View Report   Download

Company News Alert

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Brasil Telecom S.A.’s (BTM) preferred stock was rated a BUY in our update report dated 03 November 2008. Since then the stock has appreciated 19.3%, significantly outperforming the domestic index. As current levels do not support a BUY, we downgrade our rating to a HOLD. We maintain our SELL rating as we anticipate a significant negative currency impact over the medium term....