S&P Equity Research Downgrades Metro One Telecommunications (INFO) to Sell
More News related to INFO
- Metro One Telecom (INFO) Names Hensel CEO
- Metro One (INFO) Announces $2.2M Private Placement
- Metro One Telecommunications (INFO) Announces Contract With One Communications
- S&P Equity Research Downgrades Metro One Telecommunications (INFO) to Sell
- Metro One Telecom (INFO) Holder Strategic Turnaround Equity Wants Seat on Board, Pursuit of Strategic Alternatives
More News related to Downgrades
- S&P Lowers Pinnacle Entertainment (PNK) Outlook from Stable to Negative
- Mindspeed (MSPD) Moving Lower as Brigantine Downgrades to Hold
- Davenport Downgrades Electronic Arts (ERTS) to Sell; Lowers Q4, 2010-11 Estimates
- Stifel Nicolaus Downgrades Parkway Properties (PKY) to Sell
- Craig-Hallum Downgrades Terremark (TMRK) to Accumulate
S&P Equity Research downgrades Metro One Telecommunications (Nasdaq: INFO) from Hold to Sell.
S&P analyst, T. Rosenbluth, says, "With the filing of its 10-Q, INFO posts Q1 loss of $0.49 vs. $0.23, before restructuring charges, wider than our $0.37 loss estimate. Revenues were weaker than expected and gross margin was narrower. In addition to competitive pressure, we are concerned that INFO will continue to burn cash to support restructuring efforts and high fixed costs; cash declined 28% in the first 3 months of '07. We are lowering our 12-month target price by $1 to $1.50, matching our cash per share expectation for the end of '07. Despite its strategic review, we have a sell opinion on INFO shares."
Related Categories
DowngradesStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
