Nomura Securities Maintains a 'Neutral' on Sprint (S); Q4 Review
Tweet
Share
E-mailGet Alerts S Hot Sheet
Price: $21.19 +1.19%
Rating Summary:
23 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Sprint (NYSE: S) price target of $2.50.
Analyst, Mike McCormack, said, "In our view, an investment in Sprint discounts expectations against eventual positive free cash flow generation. With good enough 4Q results in hand, we focus on the progression towards Sprint’s anticipated positive inflection in 2H12 EBITDA. We are highly skeptical of Sprint’s ability to either foresee the competitive influences present in the next iPhone refresh cycle, or deliver EBITDA improvement throughout, and we see risk to estimates as 2012 progresses. With ~$3bn yet to be raised to complete the capital structure, we understand the importance of managing towards improving trends; however we cannot help but be skeptical given industry dynamics. Our 2012 EBITDA estimate of $3.8bn is essentially unchanged, and remains at the mid-point of the targeted $3.7bn-$3.9bn EBITDA range."
For an analyst ratings summary and ratings history on Sprint click here. For more ratings news on Sprint click here.
Shares of Sprint closed at $2.41 yesterday.
Analyst, Mike McCormack, said, "In our view, an investment in Sprint discounts expectations against eventual positive free cash flow generation. With good enough 4Q results in hand, we focus on the progression towards Sprint’s anticipated positive inflection in 2H12 EBITDA. We are highly skeptical of Sprint’s ability to either foresee the competitive influences present in the next iPhone refresh cycle, or deliver EBITDA improvement throughout, and we see risk to estimates as 2012 progresses. With ~$3bn yet to be raised to complete the capital structure, we understand the importance of managing towards improving trends; however we cannot help but be skeptical given industry dynamics. Our 2012 EBITDA estimate of $3.8bn is essentially unchanged, and remains at the mid-point of the targeted $3.7bn-$3.9bn EBITDA range."
For an analyst ratings summary and ratings history on Sprint click here. For more ratings news on Sprint click here.
Shares of Sprint closed at $2.41 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SentinelOne Inc (S) PT Raised to $22 at JPMorgan
- Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
NomuraSign 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!
