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Article: Dutton Associates Announces Investment Opinion: EasyLink Speculative Buy Rating Maintained in Update by Dutton Associates.
- Article from:
- Business Wire
- Article date:
- June 10, 2005
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EL DORADO HILLS, Calif. -- Dutton Associates issues its updated coverage of EasyLink Services (Nasdaq:EASY) maintaining a Speculative Buy rating and a 12-month price target of $1.35. The 9-page report by Dutton senior analyst Paul Resnik, CFA, is available at www.jmdutton.com, and from First Call, Bloomberg (JMDA), Zacks, Reuters, and other leading financial portals.
EasyLink reported a first quarter net loss of $2.5 million, or $0.06 per share, vs. a profit of $853,000, or $0.02 a share, in the first quarter of 2004, with a one-time pre-tax charge of $2.475 million relating to a separation agreement included. Revenues fell to $20.378 million from $24.336 million ...