Category Archives: Analyst Coverage

Oh My, 80 cents

By Mark Evans | Published: November 11, 2008

Nortel shares hit an intra-day low of 80 cents before recovering to 85 cents, which gives it a market capitalization of $425-million. Clearly, yesterday’s announcement did little to provide investors with enough confidence that Nortel has a plan in place to get back on the right track. The question is what were investors looking for [...]

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Papageorgiou: Stay Away from NT

By Mark Evans | Published: November 11, 2008

Scotia Capital analyst Gus Papageorgiou has called it like he sees it: “Given the overall economic and market environment, we do not believe NT shares are well positioned. We would prefer investors locate their capital in companies with at least two of the following three characteristics: strong balance sheet, high growth, and strong profitability. As [...]

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Nikos on NT

By Mark Evans | Published: November 7, 2008

UBS Securities’ analyst Nikos Theodosopoulos believes Nortel may announce job cuts of at least 10% on Monday, while suggesting the company could have a difficult time selling its metro Ethernet network business. “We believe the difficult credit markets and slowing capital spending trends will make it more difficult to sell this business than Nortel originally [...]

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National Bank’s New Target Price: 50 Cents

By Mark Evans | Published: October 28, 2008

National Bank analyst Kris Thompson has dropped the hammer on NT; reducing his target price to 50 cents from $2.75, while downgrading his recommendation to “underperform” from “sector perform”. Here are some excerpts from his report: “In our view, Nortel’s financial position is set to weaken materially in the face of a strong USD, a [...]

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UBS Downgrades NT

By Mark Evans | Published: October 27, 2008

With Nortel poised to unveil its third-quarter results within the next couple of weeks, UBS Securities analyst Nikos Theodosopoulos has downgraded the stock to “neutral” from “buy” based on lower expectations about the company’s profitability and liquidity due to slower spending by customers. He expects Nortel’s cash to decline to $1.3-billion by 2010. At the [...]

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What the Analysts Think

By Mark Evans | Published: October 17, 2008

For what it’s worth, here’s what analysts are thinking as far as Nortel’s Q3 and 2008 financial performance. And here’s what they think about the stock: Technorati Tags: Nortel

Posted in Analyst Coverage | 5 Comments