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Enter Symbol:
Rating: ITRN

Collins Stewart rated Ituran Location And Control Ltd. (NASDAQ: ITRN) to Hold

Monday,  Jan 26, 2009  8:25 AM ET by Kristen Bailey

Collins Stewart rated Ituran Location
And Control Ltd. (NASDAQ: ITRN) to Hold with today's price of $8.81.

Ituran Location and Control Ltd. (Ituran) is mainly engaged in the area of location-based services, consisting of stolen vehicle recovery and tracking services. The Company operates in two segments: location-based services and wireless communication products. The Company provides its services and sells its products in Israel, Brazil, Argentina and the United States. Mapa Mapping and Publishing Ltd. and Mapa Internet Ltd. (Mapa) are the Subsidiaries of the Company. Mapa provides geographic information (GIS) in Israel and is the owner of geographic information database for navigation in Israel.

Collins Stewart's research department is built around a number of sector-specialist teams. Our analysts are leaders in their area of specialisation and combine deep industry knowledge with decades of stock broking experience to produce insightful, independent sector research. Our research approach encompasses Questâ„¢ principles and focuses on cash-driven valuation techniques. Research is a Collins Stewart cornerstone; it is leveraged throughout the organisation.

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