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Qwest Renews Bid for MCI
Excerpt from the InvestorGuide.com Stock of the Day on 2/18/2005

Qwest Communication International, Inc. renewed and possibly sweetened its bid for MCI, after previously being turned down in favor of a $6.7 million cash and stock bid from Verizon. Qwest has since released the terms of its failed bid, believed to have an effective value of $8 billion, and has always said that it would like MCI to respond to its initial offer so that the company can modify its bid.

Qwest's initial bid, while higher than Verizon, may not have looked as favorable because of Qwest current financial standing. Verizon is larger and viewed as more financially stable than the Denver-based company with $17 million in debt on the books. Qwest is considered a local phone company, servicing only 14 Midwestern and Western states, and having no wireless service. The company has faced stiff competition from the cable and high-speed data companies, and sees this opportunity has a way to compete with the larger telecom companies. More >


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Qwest Communications International (Q) Upgrades

Date
Analyst
Old Rating
New Rating
05/26/2009
JP Morgan
Neutral
Overweight citing valuation
10/14/2008
Raymond James
Underperform
Outperform
08/11/2008
Citi
Hold
Buy
08/08/2008
Morgan Stanley
Equal-Weight
Overweight
01/16/2008
Soleil Securities Group
Hold
Buy
11/14/2007
Citigroup
Sell
Hold

Qwest Communications International (Q) Downgrades

Date
Analyst
Old Rating
New Rating
01/09/2009
Raymond James
Outperform
Market Perform
10/31/2007
JP Morgan
Overweight
Neutral
10/10/2007
UBS
Buy
Neutral
07/07/2006
Goldman Sachs
Sell
Hold
03/07/2006
Stifel Nicolaus
Hold
03/07/2006
Citigroup
Sell
Hold

Qwest Communications International (Q) New Coverage

Date
Analyst
Rating
04/24/2009
Piper Jaffray
Neutral
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