Jazztel "sell"

01/02/07 - Ibersecurities

LONDON, January 2 (newratings.com) - Analysts at Ibersecurities maintain their "sell" rating on Jazztel PLC (JZT). The target price is set to €0.47.

In a research note published on December 29, the analysts mention that Jazztel has sold off the Centro de Cálculo de Sabadell unit for €28.5 million to Unit 4 Agresso. The receipts from the sale are expected to be utilised to finance the company’s business plans, the analysts say. The sale would enable Jazztel to focus on Internet, with high capacity and content, as well as telephony services, Ibersecurities adds.