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Enter Symbol:
 
Tele Norte Leste Participacoes S.a. (TNE) [hlAlert]

Rating:
Buy TNE
down 50.54 %

Tele Norte Leste Participacoes S.a. (TNE) rated Buy with price target $32 by Oscar Gruss

Posted on: Monday,  Aug 4, 2008  11:25 AM ET by Oscar Gruss

Oscar Gruss rated Buy Tele Norte Leste Participacoes S.a. (NYSE: TNE) on 08/04/2008, when the stock price was $22.22.
Since then, Tele Norte Leste Participacoes S.a. has lost 50.54% as of 04/05/2012's recent price of $10.99.
If you would have followed this Oscar Gruss's recommendation on TNE, you would have lost 50.54% of your investment in 1340 days.

Tele Norte Leste Partricipacoes SA (TNL) is a telecommunication service provider in Brazil. The Company offers a range of integrated telecommunications services that includes fixed-line and mobile telecommunications services, data transmission services (including broadband access services), Internet service provider (ISP) services and other services, for residential customers, small, medium and large companies, and governmental agencies. TNL operates under the brand name TNL PCS S.A. (Oi). In January 2009, the Company acquired the control of Brasil Telecom Participacoes SA, through its subsidiary Telemar Norte Leste SA.

Oscar Gruss & Son Inc. is a full service investment and merchant bank. It provides financial advisory services such as mergers and acquisitions, re-capitalization, strategic partnerships and joint venture assignments, fairness opinions, and valuations. Its corporate finance services include public offerings, and placements of equity and debt for public and private companies. It also provides equity research analysis focusing on healthcare, including biotechnology, medical devices, genomics, and other medical technologies; and communications technology, such as telecommunications equipment, and other areas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2008 11:25 AM Buy
None
22.22 32.00
as of 12/24/2008
1 Week up  2.63 %
1 Month up  7.37 %
3 Months up  30.81 %
1 YTD down  -29.88 %

(*) Stock Price at the time of the recommendation.
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