FBR Capital Reiterates an 'Outperform' on UniTek Global Services (UNTK); In-Line 1Q Results, Management Executing to Plan
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Price: $0.15 --0%
Rating Summary:
4 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates an 'Outperform' on UniTek Global Services (NASDAQ: UNTK), PT $18.
FBR analyst says, "UniTek remains one of our favorite small-cap specialty contractors, well positioned to benefit from improving telecom and broadband capital spending. Opportunities across the wireless sector continue to develop, highlighting the recently signed AT&T (NYSE: T) mini-turf agreement and the upcoming work with Sprint (NYSE: S). Wireline opportunities over the next few years are also coming to fruition, through stimulus funding, in the U.S. and Canada. The acquisition of Pinnacle Wireless provides the opportunity for higher margins longer term, given the higher technical service offering to a variety of sectors (transportation, public safety, in-building commercial, and energy)."
For more ratings news on UniTek Global Services click here and for the rating history of UniTek Global Services click here.
Shares of UniTek Global Services closed at $9.12 yesterday.
FBR analyst says, "UniTek remains one of our favorite small-cap specialty contractors, well positioned to benefit from improving telecom and broadband capital spending. Opportunities across the wireless sector continue to develop, highlighting the recently signed AT&T (NYSE: T) mini-turf agreement and the upcoming work with Sprint (NYSE: S). Wireline opportunities over the next few years are also coming to fruition, through stimulus funding, in the U.S. and Canada. The acquisition of Pinnacle Wireless provides the opportunity for higher margins longer term, given the higher technical service offering to a variety of sectors (transportation, public safety, in-building commercial, and energy)."
For more ratings news on UniTek Global Services click here and for the rating history of UniTek Global Services click here.
Shares of UniTek Global Services closed at $9.12 yesterday.
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