(Source: Business Wire)

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Brasil Telecom Participações S.A. (NYSE: BRP), Tele Norte Leste Participações SA (NYSE: TNE), CV Therapeutics Inc. (NASDAQ: CVTX), Allegheny Energy, Inc. (NYSE: AYE) and Citigroup Inc. (NYSE: C).
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Here are highlights from Tuesday's Analyst Blog:
Brasil Telecom Still Called a Buy
We are keeping our Buy recommendation on Brasil Telecom Participações S.A. (NYSE: BRP). The company has solid cash flow generation, decent operating margins, and a very attractive valuation. Additionally, the growth in the wireless and broadband segments is encouraging and should continue in future quarters.
Recently, Anatel, the Brazilian telecom agency, approved the merger with Tele Norte Leste Participações SA (NYSE: TNE), creating a giant Brazilian telecom company. Finally, we believe that BRP will be less affected by the international crisis since it generates a lot of cash and is less exposed to the international economic cycle.
Will CVTX Get a Higher Bid?
CV Therapeutics Inc. (NASDAQ: CVTX), or CVT, reported financial results for the 4th quarter 2008 on February 20, 2009. Sales of Ranexa totaled $31.5 million; just below our estimate of $32.5 million. Sales increased 51% year-over-year and 4% sequentially from the 3rd quarter 2008.
Prescriptions were up nicely during the quarter and are showing solid acceleration following the revised label in November 2008. Ranexa prescriptions posted all-time highs the first week of February. New Rx trends look very impressive, up 21% in the past few months.
Say AYE to Allegheny Energy
Headquartered in Greensburg, Pennsylvania, Allegheny Energy, Inc. (NYSE: AYE) is engaged in both regulated electricity and natural gas distribution utility operations, as well as in the unregulated wholesale energy markets.
Going forward, AYE's positive investment factors include increased plant output, increased power market prices, recovery of cost in Virginia and West Virginia, approvals for transmission projects, and Pennsylvania rate mitigation plan. Looking ahead, we expect that the company's regulated delivery utility business will provide steady earnings growth, partially offset by higher emission and hedging costs, interest burden on account of expansion plans and coal costs.