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TheStreet Wire

Tele Norte Leste Holding Stock Hits New 52-Week Low (TNE)

By TheStreet Wire 09/19/11 - 10:40 AM EDT

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NEW YORK (TheStreet) -- Tele Norte Leste Holding Company (NYSE:TNE) hit a new 52-week low Monday as it is currently trading at $11.04, below its previous 52-week low of $11.05 with 138,662 shares traded as of 10:16 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Tele Norte Leste Holding has a market cap of $5.4 billion and is part of the technology sector and telecommunications industry.

Tele Norte Leste Participacoes S.A. provides telecommunication services primarily in Brazil. It offers a portfolio of integrated and convergent communication products that include regular fixed and mobile telephony, data transmission, and ISP services.

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TheStreet Ratings rates Tele Norte Leste Holding as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full Tele Norte Leste Holding Ratings Report.

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